$BNB - SHORT Setup
Entry: 912.30 – 914.00 (On failure to push higher)
Target 1: 900.00
Target 2: 891.00 (24h Low Test)
Stop Loss: 919.00
My View:
Price is consolidating near the top of its recent range after a 6.76% 7-day rally, but is showing clear rejection just below the 24h high (917.53). The Order Book reveals a strong Ask wall of over 18.2K BNB at 912.42, directly at the current price, indicating immediate selling pressure. The Bid support below is present but is layered and less concentrated than the selling pressure above. This structure suggests the path of least resistance is down for a retest of lower support levels. Momentum is neutral to slightly bearish on lower timeframes following the rally, favoring a pullback.
Bias: Bearish below 912.00. A decisive break and hold above 919.00 would target new highs and invalidate the short setup.
Disclaimer: My plan. Not advice. Trade your own risk.
