Where is the final line of defense for BNB bulls? The shorts have already locked in 569.50.



$BNB /USDT - SHORT

Trading plan:
Entry: 568.87 – 570.23
SL: 576.04
TP1: 564.68
TP2: 561.44
TP3: 556.57

Why focus on this structure?
- On the 4-hour timeframe, shorts are in control; the 1-day trend is clearly bearish, with a 95% confidence short signal.
- RSI on the 15-minute timeframe is 59.41; it’s not oversold, and there is still room to the downside.
- Current price is 569.55, hugging EMA resistance; TP1 at 564.68 is just one step away.
- Why now? ATR is only 2.7; after volatility tightens, a sell-off is likely to accelerate.

Discussion:
Will this move reach TP2 first at 561.44, or will it lure longs and rebound back to SL 576.04?
BNB0.49%
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