$BNB got smacked down to the H1 lower band with StochRSI basically at zero
trade plan: long $BNB
entry: 626 to 638
stop loss: 618
targets
tp1: 643
tp2: 651
tp3: 662
move sl to entry after tp1.
click 👇 and long $BNB
Daily is in a bearish range with price below EMA20 at 642 and EMA50 at 668, SAR sitting above at 666, though StochRSI at 31 is coiling and OBV holding relatively steady suggesting sellers are losing momentum. H4 bounced off the 620 structural low, SAR just flipped bullish at 632 and price is attempting to base below a compressed EMA cluster between 640 and 651. H1 StochRSI is at 0.09, essentially flushed to nothing, with price pressing the BOLL lower band at 635, which points to a short-term relief move being very close. Entry zone is anchored to the H4 620 swing low range and H1 BOLL lower band confluence. Main risk is the daily structure remains bearish with SAR and all EMAs above price, so this is a bounce trade not a trend trade.
risk max 1-2%