#美联储重启降息步伐 I've been closely watching BNB's price action lately and feel that a shorting opportunity is coming.
Looking at the 4-hour chart, there have been two consecutive bearish candles pushing the price down. Although the price is still above the middle Bollinger Band, the KDJ indicator has clearly turned downward and trading volume is increasing—a combination that's usually not a good sign.
My plan is: if the price rebounds to the 915-925 range, it could be a good spot to consider opening a short position. The initial target would be around 905, and if that level breaks, 890 is also possible. Of course, it's important to set a stop-loss.
The Fed's rate cut expectations are rising again, but short-term technical pressure is more immediate. $ETH can also keep an eye on this.
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BearMarketSurvivor
· 23h ago
Going short on the rebound from 915-925 is still a bit risky; it depends on whether the volume supports it. Otherwise, it’s easy to get caught on the wrong side.
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SwapWhisperer
· 23h ago
That 915 level is indeed interesting, but I don't think 890 will be broken. Let's see next week.
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SchrodingerProfit
· 23h ago
Wait, I also noticed the KDJ turning, but can this rebound reach 925? It doesn't seem very likely to me.
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BlockchainFries
· 23h ago
Volume expands and KDJ reverses—this signal is indeed quite aggressive. Short directly after the rebound at 915, set your stop-loss and you won't panic.
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RugPullAlarm
· 23h ago
Wait, when the KDJ indicator reverses, the trading volume increases? I need to check if any whale addresses are making moves. Don’t tell me it’s just retail investors dumping.
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NervousFingers
· 23h ago
Oh my, the KDJ has reversed. 915-925 is indeed a good short entry point. I'm also waiting for a rebound.
#美联储重启降息步伐 I've been closely watching BNB's price action lately and feel that a shorting opportunity is coming.
Looking at the 4-hour chart, there have been two consecutive bearish candles pushing the price down. Although the price is still above the middle Bollinger Band, the KDJ indicator has clearly turned downward and trading volume is increasing—a combination that's usually not a good sign.
My plan is: if the price rebounds to the 915-925 range, it could be a good spot to consider opening a short position. The initial target would be around 905, and if that level breaks, 890 is also possible. Of course, it's important to set a stop-loss.
The Fed's rate cut expectations are rising again, but short-term technical pressure is more immediate. $ETH can also keep an eye on this.