$BNB
Current Market Overview:
Short Trade Strategy (1H timeframe):
Entry:
Enter Short around: $603–$605 (if price moves back up near resistance level)
Or wait for break below: $600 (support level), confirming bearish momentum.
Stop-Loss:
Place stop-loss above recent swing high: $609–$610
This limits risk if bulls regain control.
Take-Profit Zones:
TP1: $595 – First nearby support zone.
TP2: $590 – Where MA(99) lies, a strong longer-term support.
TP3 (optional for extended move): $587.50 (recent low)
Indicators Supporting the Short:
Volume: Showing lower buying strength on last few candles.
MA(7) & MA(25) crossover incoming — could signal bearish shift.
RSI & MACD (if checked): Should ideally confirm overbought and bearish crossover.
Risk Management:
Risk-reward ratio should ideally be 1:2 or higher.
Don't over-leverage; use position sizing according to account balance.
