Everyone’s staring at the 15m RSI—but I’m watching
$BNB /USDT bleed out on the 4h chart instead.
$BNB /USDT - SHORT
Trade Plan:
Entry: 742.3 – 744.7
SL: 754.8
TP1: 735.0
TP2: 729.3
TP3: 720.8
Why this setup?
- RSI at 16.84 screams “oversold,” yet the 1D trend is *range*, not reversal—dead cat bounces get sold.
- Price is pinned at 743.5 with ATR 4.72: low volatility = compressed spring, but direction is DOWN (TP1 735, TP2 729.3).
- Why now? The “Armed” status means the trap is set—if 742.3 breaks, shorts feast before the 721.9 invalidation.
Debate:
Are we fading this oversold bounc