BNB/USDT. Short setup.
Estimated entry range: $15.2-15.72
Estimated Invalidation level: $17.5
Estimated TP levels: $12.97 / $11.966
Until BNB trades below $17.50 - things are bearish.
Yesterday abnormal Funding rate on BNB forced traders to close their Short positions. You can see also increased volume which means that someone just absorbed their buys.
More likely price will drop from current levels.
Stop Hunt happened on HTF levels, and if 2-4 candles will close below this Swing level - will likely see some downsides.
Estimated Invalidation level: $17.5
Estimated TP levels: $12.97 / $11.966
Until BNB trades below $17.50 - things are bearish.
Yesterday abnormal Funding rate on BNB forced traders to close their Short positions. You can see also increased volume which means that someone just absorbed their buys.
More likely price will drop from current levels.
Stop Hunt happened on HTF levels, and if 2-4 candles will close below this Swing level - will likely see some downsides.
