BNB's daily range is a trap, and the 4H chart just armed the trigger.
$BNB /USDT - SHORT
Trade Plan:
Entry: 840.630382 – 844.54064
SL: 854.316284
TP1: 830.854738
TP2: 826.944481
TP3: 819.123966
Why this setup?
SHORT signal armed on 4H. Price rejected from ~843 entry zone into a ranging daily trend. 15m RSI at 42 shows weakening momentum, supporting a move toward initial TP at ~831.
Debate:
Is this the start of a breakdown from the range, or just another fakeout before a squeeze?
Trade here 👇
BNB
582.38
-16.41%