$BNB Currently around 602.87 USDT.


For me, the focus isn't on how much it has risen, but whether it's a good entry point.
Short-term, I still lean towards bearish.
I'll be watching these signals first:
First, observe that the divergence at high levels is starting to widen, making it easier for a short-term shakeout.
Next, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
Additionally, the buying volume isn't decisive enough, and there's still a lack of momentum for a breakout.
I prefer to view it this way: top sweep high waterfall short, rebound lure long followed by a second waterfall short, break support and chase short.
The entry point I'll watch is: 606.68 USDT.
Estimated target price: 570.57 USDT.
The point where I should exit if wrong: 621.13 USDT.
If the price hasn't reached the level, better to wait and not force a trade.
BNB-0.17%
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