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Are you brave enough to follow this bearish signal for BNB?
$BNB /USDT - Short SHORT
Trading plan:
Entry: 570.40 – 571.50
SL: 576.26
TP1: 566.97
TP2: 564.31
TP3: 560.33
Why focus on this structure?
- On the 4-hour timeframe, bearish; the 1D trend is clearly bearish. RSI on the 15-minute is 59.78, not overbought.
- The current entry price is 570.95; TP1 566.97, TP2 564.31, SL 576.26—good risk-to-reward ratio.
- Why now? The daily bearish trend hasn’t changed; short-term rebounds are weak—waiting for confirmation to enter.
Discussion:
Will TP2 at 564.31 hit first, or will it fake out and rebound to the SL?