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Most traders are still long BNB—here’s why the 4H chart says they’re wrong.
$BNB /USDT - SHORT
Trade Plan:
Entry: 598.8 – 600.8
SL: 609.4
TP1: 592.6
TP2: 587.8
TP3: 580.6
Why this setup?
Why now?
- 95% short confidence with bearish 1D trend.
- Entry zone 599.8 (4H resistance) with RSI 15m at 55.58—no bullish momentum.
- ATR 1h at 4.0 confirms tight range; breakdown likely toward TP1 at 592.6.
- Invalid only above 609.1—low risk, high reward.
Debate:
Are you shorting BNB here, or waiting for a fakeout above 600?