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BNB’s 4h chart just triggered a 95% confidence short—most traders are still buying the dip.
$BNB /USDT - SHORT
Trade Plan:
Entry: 593 – 595
SL: 607
TP1: 584
TP2: 577
TP3: 568
Why this setup?
Here’s why the setup is pressing now:
- RSI on 15m is at 36.98, still in bearish territory—no oversold bounce yet.
- 1D trend is bearish, and 1h ATR is 5.5, meaning price can slip fast.
- Entry zone at 594–595 with TP1 at 584 and TP2 at 577 gives a clear 2–3% downside edge.
- If this invalidates above 622, the short is off, but the data screams “sell the rip.”
Debate:
Are you shorting BNB here, or waiting for a retest of 600 first?