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Everyone’s still bullish on BNB—but the 4H chart is screaming something else entirely.
$BNB /USDT - SHORT
Trade Plan:
Entry: 587.7 – 588.9
SL: 594.0
TP1: 584.0
TP2: 581.2
TP3: 577.0
Why this setup?
95% confidence on a SHORT bias. Price hovering at 588.3, right on the 1H pivot. RSI on 15m is neutral (49.61), no momentum to push up. Daily trend is bearish, and the ATR is tight—meaning a breakdown is likely fast. Why now? Entry is armed, SL is tight at 594, and TP1 at 584 is just 0.7% away. The real move is to TP2 at 581.2 or TP3 at 577.
Debate:
Are you shorting BNB here, or waiting for a fakeout above 590?