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BNB 4-hour RSI bottoms at 33—can this LONG catch TP2?
$BNB /USDT - Go LONG
Trading plan:
Entry: 562.19 – 563.51
SL: 554.62
TP1: 569.03
TP2: 573.14
TP3: 579.32
Why focus on this setup?
- Current price 562.85; 15-minute RSI is only 33.81—clear oversold bounce signal.
- The 1-day trend is somewhat bearish, but the 4-hour LONG signal has already triggered, with 84% confidence.
- Target TP1 569.03, TP2 573.14; stop-loss 554.62; risk-reward is close to 2:1.
- Why now? Oversold + low volatility (ATR only 2.64); this is the point where bearish momentum is fading.
Discussion:
Will this move reach TP2 first, or is it a bull trap?