📉 $BNB /USDC – Bearish Setup
$BNB is showing signs of weakness near resistance, with lower highs and fading buying pressure signaling potential downside. I have entered a short position aiming for a key support zone.
🔑 Trade Details:
Entry Price: 864.199
Mark Price: 855.760
Target (TP): 640
Leverage: 45x Cross
Liquidation Price: 911.551
📊 Technical Rationale:
Price Structure: Multiple rejections near resistance indicate seller dominance.
Trend Weakness: Lower highs and reduced buying pressure point toward a potential downtrend.
Market Context: Altcoins like BNB may underperform during broader market volatility, making sharp corrections more likely.
⚠️ Risk Management:
High leverage trade — margin ratio currently 7.09%.
Stop and liquidation levels defined to ensure disciplined execution.
📈 Outlook:
If bearish momentum continues, the TP at 640 aligns with a likely demand zone for buyers, making it a realistic target.
💬 Disclaimer: Personal trading perspective — not financial advice. Always DYOR and manage risk carefully.