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Everyone’s still bullish on BNB—here’s why the 4h chart just screamed reversal.
$BNB /USDT - SHORT
Trade Plan:
Entry: 600.4 – 602.6
SL: 612.4
TP1: 593.3
TP2: 587.8
TP3: 579.6
Why this setup?
RSI on 15m is at 37.38 (oversold bounce zone), but the 1D trend is bearish and our SHORT signal is 95% confident. Entry at 601.5 with TP2 at 587.8 means a 2.3% drop is primed. Why now? The 1h ATR of 4.56 confirms volatility is tight—breakdowns hit fast.
Debate:
Are you fading the bounce at 601 or waiting for a retest of 600.4?