$BNB Update: The Fade is Loading! 🔴📉
Binance Coin ($BNB) is looking ready for a downside move. The 4H structure is firmly bearish, with the 1D trend providing strong confluence for a short continuation. We have a clear invalidation level and a solid path toward the downside targets.
Trade Strategy (Short):
Bias: Bearish Rejection
Entry Zone: 617.25 – 619.60 🎯
Targets (TP):
TP1: 611.33 (First checkpoint) 📉
TP2: 608.96 🎯
TP3: 604.23 🚀
Stop Loss (SL): 625.53 (Strict invalidation above resistance)
Why this setup?
The price is struggling near the key resistance zone, and RSI on the lower timeframe still has room to drop before hitting oversold levels. A break below the local support will confirm the move toward $604.
"The setup is armed. Are you riding with the bears or waiting for a squeeze? Click the $BNB widget below to enter! 👇💨"
