💰 Trading Plan | BNBUSDT.P 🔥
🔹 Context
4H Bias: Bearish - currently ranging in the lower price zone of the Discount.
1H: Bearish - price is forming a continuous downtrend structure after bouncing up from 4H SWL.
OI: continues to decrease, no signs of new money entering the market.
Funding: slightly positive.
Nearest liquidity: 1H BSL 599.24, 1H SSL 581.14.
🔹 Today's trading plan
🔸 Plan A: SHORT after the liquidity sweep at 1H BSL.
Checklist:
Price swept above the 1H BSL 599.24, then closed with a long wick above.
OI and volume rising while we sweep
Positive funding and continuing to rise (retail FOMO LONG)
15m showing displacement or Bearish FVG
Entry: place Limit order at FVG
Stop loss: above the latest sweep high
Target:
TP1: 581.14 (1H SSL)
TP2: 574.83 (1H Demand)
Cancel: 1H candle closed strongly above 1H BSL with rising OI and volume.
🔸 Plan B: LONG at 1H Demand
Checklist:
Price continues to drop towards the 1H Demand zone, with selling volume decreasing
OI flat or slightly increasing
Funding not overly positive
15m: Reaction at 1H Demand, has displacement or Bullish FVG
Entry: 15m FVG after displacement
Stop loss: below the confirmation candle
Target:
TP1: 599.24 (1H BSL)
TP2: 611.53 (1H SWH)
Cancel: price dumped hard, 1H candle closed strong through the 1H Demand zone