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Are you brave enough to follow this bearish signal for BNB this round?
$BNB /USDT - SHORT sell
Trading plan:
Entry: 566.46 – 567.84
SL: 573.74
TP1: 562.20
TP2: 558.91
TP3: 553.96
Why focus on this structure?
- Bearish confirmation on the 4-hour timeframe, and the 1-day trend is clearly bearish, with 95% high confidence.
- Current price is 567.15; RSI (15-minute) is 59.83; it’s not overbought, and downside room remains.
- First target: TP1 562.20, TP2 558.91, stop loss 573.74; the risk-reward ratio is reasonable.
- Why now? The trend hasn’t reversed; bearish momentum is still ongoing, and the entry timing is mature.
Discussion:
Will this move hit TP2 first, or is it a bull trap? Comment with your take!