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Everyone’s buying BNB at 601—I’m shorting it into the abyss.
$BNB /USDT - SHORT
Trade Plan:
Entry: 600.3 – 602.5
SL: 612.0
TP1: 593.5
TP2: 588.2
TP3: 580.2
Why this setup?
1D trend is bearish, and 4h momentum confirms it. RSI at 48.5 on 15m shows no bounce yet. Entry zone 601.4 is a perfect rejection point with TP1 at 593.5—why wait for a fakeout? ATR is tight at 4.41, meaning a clean slide is likely.
Debate:
Do you trust the 95% confidence short, or is this the trap before a squeeze?