$BNB has rallied back into a key supply zone where selling pressure could begin to build again, making this an attractive area to monitor for a potential short opportunity.
Trading Plan – Short $BNB
Entry: 550 – 570
SL: 600
TP1: 525
TP2: 500
TP3: 475
The recent recovery has pushed price back into a major resistance area that previously rejected buyers. Despite the bounce, the overall move still looks corrective within the broader market structure, while a significant pool of liquidity remains below the recent swing lows. If bulls fail to establish acceptance above this resistance zone, the probability of a bearish rotation toward the downside targets increases considerably.
Trade with proper risk management, wait for confirmation, and stick to your plan. DYOR.
Trading Plan – Short $BNB
Entry: 550 – 570
SL: 600
TP1: 525
TP2: 500
TP3: 475
The recent recovery has pushed price back into a major resistance area that previously rejected buyers. Despite the bounce, the overall move still looks corrective within the broader market structure, while a significant pool of liquidity remains below the recent swing lows. If bulls fail to establish acceptance above this resistance zone, the probability of a bearish rotation toward the downside targets increases considerably.
Trade with proper risk management, wait for confirmation, and stick to your plan. DYOR.