Looking at a short trade opportunity on BNB with solid risk-to-reward dynamics. Entry point sitting at 896.8, with stop loss set tight at 904.4 to manage downside. Target exit is 873.9, giving us a clean 3:1 reward-to-risk ratio. The setup presents a decent risk-reward structure for swing traders watching this level. Entry confirmation at the 896.8 zone would be key before committing to this position.
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LiquidationWatcher
· 01-09 23:49
ngl that 3:1 ratio looks clean on paper but remember 2022... market doesn't care about your setup when liquidation cascade hits. been there, lost that. tighten that sl even more honestly, health factor moves fast when bnb swings like this
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degenonymous
· 01-09 23:49
896.8 Entry? I feel a bit uncertain about this number. Last time I saw BNB break down here, and the stop loss at 904 makes the risk quite tight.
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DiamondHands
· 01-09 23:24
Is the 896.8 level really that stable? It feels like it could be easily broken through.
BNB Short Position Setup
Looking at a short trade opportunity on BNB with solid risk-to-reward dynamics. Entry point sitting at 896.8, with stop loss set tight at 904.4 to manage downside. Target exit is 873.9, giving us a clean 3:1 reward-to-risk ratio. The setup presents a decent risk-reward structure for swing traders watching this level. Entry confirmation at the 896.8 zone would be key before committing to this position.