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Morning session, BNB rose to around 612, but was quickly pushed back down,
Now it’s bouncing between 597 and 615.
Focus on the 615 level:
If the rebound keeps failing to break through and stabilize,
then it’s basically forming a head and shoulders pattern.
Anyone who understands this pattern knows,
once it forms, the likelihood is that it will turn weaker and move downward.
So the idea is simple:
Prioritize short positions on rebounds, don’t chase longs,
short-term small rebounds are easily trap setups.
Reference levels:
Look for shorting opportunities around 605 and 610,
Start by watching 595,
If it breaks below, keep an eye on 590 and 585.
In one sentence:
If it can’t go higher, it’s weak; rebounds are just opportunities to short.