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Is the final spree for BNB bulls? 580.85 is a trap.
$BNB /USDT - Go short SHORT
Trading plan:
Entry: 580.25 – 581.45
SL: 586.65
TP1: 576.50
TP2: 573.60
TP3: 569.26
Why focus on this structure?
- The 1D trend is clearly bearish, with a 4H SHORT signal and 95% high confidence.
- The 15-minute RSI is only 55.27; the rebound lacks strength, and 580.85 is the best entry point for shorts.
- Why now? It can’t get above 580.85; TP1 at 576.50 is close at hand, and EMA resistance is clearly holding it down.
Discussion:
Will this move break TP1 to 576 first, or will it fake out for a pullback to 585?