$BNB Today's Pro Trading Plan: BNB/USD - May 17, 2025
1. Primary Bias & Setup:
Short bias within a bearish retracement from the 24h high ($658.99). Intraday scalping opportunity as price rejects MA(20) ($652.28) and tests lower liquidity near $635.05.
2. Entry Zone:
Optimal short entry: $644.23–$648.50 (prior resistance turned supply zone). Confluence: MA(20) rejection and -1.95% momentum.
3. Stop Loss Placement:
SL: $652.50 (above MA(20) and recent swing high). Invalidation confirms bullish structure break.
4. Risk/Reward Ratio:
R:R 1:2.5 (SL: $8.27, TP1: $635.05, TP2: $630.00).
5. Profit Targets:
• Target 1: $635.05 (24h low, partial exit).
• Target 2: $630.00 (psychological support).
• Target 3: $625.00 (aggressive extension).
6. Market Sentiment:
Weak volume flow (MA(20) below avg), bearish divergence on 4H. Sellers dominate below $650.
7. Invalidation Plan & Contingency Setup:
If SL hit, flip long above $652.50, targeting $658.99 (24h high). SL: $644.00.
Execution: Monitor 15m close below $644 for confirmation. Adapt to volume spikes.