$BNB /USDT ā Bearish Setup š
Current Price: $798.93
Structure: Price is stuck below the $804ā$806 resistance zone after rejecting from the $815.50 high. Multiple failed attempts to hold above $800 show seller dominance, with support at $793.68 being the key breakdown level.
š Short Setup
Entry Zone: $799.50 ā $803.00
šÆ TP1: $794.00
šÆ TP2: $788.00
šÆ TP3: $780.00
š Stop Loss: $806.50
š Extra Confirmation Steps Before Entering:
1. Rejection Signal: Look for upper wicks or strong red candles in the $799.50ā$803.00 zone.
2. Volume Check: Bearish volume should outweigh bullish on any bounce.
3. Break Below $794: A 15m close under this level increases momentum for TP2 and TP3.
4. BTC Correlation: If BTC is weak, probability of breakdown increases.
5. Risk Management: Move SL to breakeven after TP1 for a risk-free trade.
Pro Tip: Sustained trading below $794 will likely trigger a stronger drop toward $788 and $780.
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