Retail is trapped longing the $BNB top again. I'm fading this euphoria.
$BNB - SHORT
Trade Plan:
Entry: 625.59681 – 627.60319
SL: 632.61911
TP1: 620.58089
TP2: 618.57452
TP3: 614.56178
Why this setup?
BNB has completed its distribution phase and is now in the 'markdown' stage. The stall at 626.600 is the bears taking a breath.
Maintain shorts as long as 625.472 is respected. The liquidity sitting below the current local floor is the most likely destination.
Debate:
Does BNB break 625.472 or flush to 618.575?
Trade here 👇
