🔴 $BNB Short Setup (Or Long on Retest)
Entry Zone: $554.00 - $558.00 (Price is in a clear downtream on the 1H chart; looking for a short on a weak relief bounce)
Target (TP): $545.50
Stop Loss (SL): $561.50
BNB is currently showing a bearish market structure, forming lower highs and lower lows. It recently hit a 24h low of $545.62 and is seeing a minor bounce. Selling pressure remains strong near the $558 resistance line. Trade carefully and manage your leverage! 📉🐻
Entry Zone: $554.00 - $558.00 (Price is in a clear downtream on the 1H chart; looking for a short on a weak relief bounce)
Target (TP): $545.50
Stop Loss (SL): $561.50
BNB is currently showing a bearish market structure, forming lower highs and lower lows. It recently hit a 24h low of $545.62 and is seeing a minor bounce. Selling pressure remains strong near the $558 resistance line. Trade carefully and manage your leverage! 📉🐻