weekendmarkets

$BNB Short Setup — Weekend Caution Trade
Pair: BNBUSDT (Perp)
Current Price: 618.46 (−2.13%)
Short Entry Zone: 618 – 623
Invalidation / SL: 640
Take-Profit Levels:
• TP1: 605
• TP2: 592
• TP3: 575
Market Context & Rationale:
BNB is trading into short-term resistance after a weak continuation attempt. Momentum remains cautious, not aggressively bearish, which makes this a controlled pullback play rather than a trend-breakdown bet.
With weekend liquidity thinner than usual, price is more prone to fast spikes and stop hunts. That’s why this setup focuses on tight risk management and scaling out into downside reactions instead of holding for a deep collapse.
Key Level to Watch:
• A clean push and hold above 640 invalidates the short idea completely.
• Rejection from the 618–623 zone keeps sellers in control short-term.
Execution Notes:
• Expect volatility
• Size conservatively
• Let price confirm rejection before committing fully
Are you shorting this resistance, or waiting for a clearer breakdown confirmation?
PS: Always DYOR & manage risk accordingly.
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