$BNB /USDT. Here is a breakdown of the current technical setup and a draft for a social media post.
Market Observation
The chart shows BNB experiencing some resistance around the $860–$870 zone after a sharp decline. You have a "Short" tool active, indicating a bearish outlook with a stop loss set just 📉 Short Position Details
• Entry Price: $851.76
• This is indicated by the grey label on the right-hand price axis, marking the start of your "Short" position tool (the boundary between the red and green boxes).
• Stop Loss: $867.82
• This is indicated by the red label at the top of your risk-management box. If the price hits this level, the trade automatically closes to prevent further loss.
Trade Summary
• Current Price: $849.19 (You are currently in a slight profit).
• Risk Amount: $16.06 per BNB ($867.82 - $851.76).
• Market Sentiment: The Order Book in your screenshot shows 71.55% Asks (Sellers) vs 28.45% Bids (Buyers), which supports your bearish entry as there is significant selling pressure at these levels.
