BNB's 15-minute RSI has fallen below 18—bottom fishing or catching a falling knife?



$BNB /USDT - sell SHORT

Trading plan:
Entry: 570.95 – 572.15
SL: 577.28
TP1: 567.25
TP2: 564.39
TP3: 560.09

Why focus on this setup?
- The current 4H direction is clearly SHORT, confidence 95%, and the 1D trend is also bearish—bears are in control.
- The 15-minute RSI is only 17.57, extremely oversold, but the EMA structure has not reversed, so the strength of any rebound is doubtful.
- Entry reference 571.55, TP1=567.25, TP3=560.09, SL=577.28, with a clear risk/reward profile.
- Why now? Oversold conditions may trigger a brief rebound, but the trend hasn’t changed—chasing shorts needs caution.

Discussion:
Will this wave hit TP1 first, or do you expect a quick wick-style rebound directly? Where is your entry point?
BNB-2.31%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned