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Most traders are still buying BNB at 601.65—here’s why the 4h chart says they’re wrong.
$BNB /USDT - SHORT
Trade Plan:
Entry: 600.77 – 602.53
SL: 610.09
TP1: 595.32
TP2: 591.10
TP3: 584.78
Why this setup?
• 95% confidence SHORT signal armed, with 1D trend clearly bearish.
• RSI 15m at 43.35 shows no momentum recovery—sellers still in control.
• Entry zone 600.77–602.53 targets TP1 at 595.32, TP2 at 591.10.
• ATR 3.515 on 1h means a break below 600.77 could trigger a cascade.
• Why now? The invalidation level at 608.43 is the only hope for bulls—and it’s far away.
Debate:
Do you trust a 95% confidence short, or are you waiting for a fakeout above 602.53 first?