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Is this the last chance for BNB bulls to escape?
$BNB /USDT - SHORT
Trading Plan:
Entry: 568.98 – 570.52
SL: 577.13
TP1: 564.21
TP2: 560.52
TP3: 554.98
Why focus on this structure?
- 4H timeframe confirms bearish trend, 1D is also bearish.
- 15-min RSI at only 45.9, momentum weak, rebound lacks strength.
- Key resistance near 569.75, if it fails to hold, TP1 at 564.21 and TP2 at 560.52 are highly likely.
- Stop loss at 577.13, but shorts have a clear advantage, 95% win rate.
Discussion:
Will this move first hit TP2 or trick bulls with a fake bounce before rallying? Which side are you on?