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Many people were just watching the rebound, but I am more focused on whether the resistance above $BNB has been eaten through. The result is very clear: if it can't break through, that's a signal.
Earlier around 653.20, I already noticed the change. Each time the price rushed up, it was urgent, but it fell faster. This kind of market behavior is not a continuation of strength, but a bearish takeover after distribution at highs. What really caught my attention was that after the retracement broke the support, there was no decent rebound, indicating that the bulls are hesitating.
Now the price has come to 577.05. The short position profit has already reached +826.65%, and the trend extension is obvious. This trade was not based on guessing the direction, but on waiting for the structure to give the answer. After confirmation, following it makes the mind much more stable.
The profit has been realized here. Those with heavy positions can first deal with the majority, leaving a small portion to see if it continues to push down. At the same time, bring the stop-loss down. Don't get carried away just because of one bearish candle. If you miss it, you miss it. Don't chase shorts. Wait patiently for the next opportunity.
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