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Can BNB 565 hold support? The shorts are already positioned—95% win rate.
$BNB /USDT - SHORT sell
Trading plan:
Entry: 564 – 566
SL: 571
TP1: 561
TP2: 558
TP3: 554
Why focus on this setup?
- The 4-hour chart confirms the short side, while the 1-day trend keeps weakening.
- RSI on the 15-minute timeframe is only 32.77—rebounds lack strength, and selling pressure hasn’t been released.
- Current 565 is a key reference; if it breaks below 564, the shorts’ target goes straight to 561–558.
- SL at 571 is clear, risk is controllable, and the risk-reward ratio is clearly advantageous.
Discussion:
Does this move directly hit TP2 558, or will it first run a fakeout to 569 before getting smashed?