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BNB 4-hour timeframe, bears are gathering?
$BNB /USDT - SHORT
Trade Plan:
Entry: 569.4 – 571.0
SL: 577.9
TP1: 564.5
TP2: 560.6
TP3: 554.9
Why this setup?
SHORT signal triggered at 95% confidence, 1D trend is clearly bearish. EMA bearish cross, RSI near 50 on 15m without signs of a bounce. Current entry 570.2, TP1 564.5, TP2 560.6, stop 577.9. Why now? Because RSI is not oversold and bearish momentum hasn't been fully released.
Discussion:
Will this hit TP2 first, or fake a short squeeze and bounce?