weekendanalyst

BNBUST | Short H4 | Market Exec |

Short
HTX:BNBUSDT   Kusama / Tether USD
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline & a Consolidation are
- Price action may reverse back towards the previous Demand Zone

Suggested Trade:
Entry @ Area of Interest 560 - 570
SL @ 580.66
TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 535.15
Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level)

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Trade closed: stop reached:
SL hit.

Taking in the loss. Protect the capital to fight another day. :(

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