Most traders are focused elsewhere, but $BNB might be setting up for a downside move. đ
đ BNB/USDT Short Setup
đš Entry Zone: 604.83 â 605.41
đ Stop Loss: 607.94
đŻ Targets: ⢠TP1: 603.01
⢠TP2: 601.60
⢠TP3: 599.48
Why I'm watching this setup: ⢠The daily trend remains bearish.
⢠The 4H market structure is also leaning to the downside.
⢠RSI on the 15-minute chart sits around 53, leaving room for further weakness.
⢠Volatility is relatively low, which could lead to a cleaner breakdown if sellers take control.
As always, risk management comes first. The setup remains valid unless price pushes above the key invalidation zone.
đ¤ What's your view on $BNB? Are you taking the short or waiting for confirmation?
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