BNB is rechecking the resistance zone near $770 after a slight up session. The 4h RSI is not overbought yet, but the EMA20/50 on 4h are pressing the price downward.
$BNB – SHORT
Trading plan:
Entry: $769.23 – $770.09
SL: $773.96
TP1: $761.92
TP2: $758.20
TP3: $753.90
Why set it up this way?
• The 4h trend is SHORT; EMA20=$766.66, EMA50=$772.70.
• RSI 15m=51.8; RSI 4h=55.3.
• ATR 1h=$2.8650; the entry is around the current price, TP1 has R:R of 1.8.
Discussion:
If buying momentum over 24h (+0.97%) pushes the price above $774, the SL may be triggered before the 4h Short trend can take effect. Conversely, staying below EMA50 ($772.70) increases the chance of hitting TP1.
Click here to trade 👇
$BNB – SHORT
Trading plan:
Entry: $769.23 – $770.09
SL: $773.96
TP1: $761.92
TP2: $758.20
TP3: $753.90
Why set it up this way?
• The 4h trend is SHORT; EMA20=$766.66, EMA50=$772.70.
• RSI 15m=51.8; RSI 4h=55.3.
• ATR 1h=$2.8650; the entry is around the current price, TP1 has R:R of 1.8.
Discussion:
If buying momentum over 24h (+0.97%) pushes the price above $774, the SL may be triggered before the 4h Short trend can take effect. Conversely, staying below EMA50 ($772.70) increases the chance of hitting TP1.
Click here to trade 👇