BNB's recent trend has been quite interesting. Yesterday, after reaching 875, there was a rebound, but the rebound strength was indeed insufficient, and the overall rhythm still appeared somewhat loose. By this morning, when the price touched around 895, it was again under pressure, clearly encountering quite a bit of selling volume in the short term.
From the candlestick structure, this rebound is mainly a technical correction and has not formed genuine upward momentum. In this situation, taking a short position at high levels with pressure is a relatively safe approach.
From an operational perspective, consider shorting in the 895 to 899 range, with a stop-loss set around 900 for safety. The target below is around 870, which was previous support and also a relatively clear profit-taking zone.
Trading is all about following the trend—advance quickly when appropriate, exit quickly when necessary. The most important thing is to stick to risk management bottom line and prevent a single loss from wiping out previous gains. The trends of mainstream coins like Bitcoin and Ethereum are also worth observing simultaneously, as they often provide valuable reference signals.
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TopEscapeArtist
· 10h ago
They're at it again, cutting my leeks. I'm already trapped in the short position at 895. Now I'm just waiting to see if it can rebound to 900 to cut losses and get out.
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bridgeOops
· 13h ago
895 is indeed a resistance level, but I think the rebound may not have fully played out yet.
Hmm... last time when it dropped from 875, there wasn't much momentum, and this kind of market is most vulnerable to being smashed.
I placed a short order at 898, just waiting to see if it can return to 870.
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LiquidityWizard
· 01-09 03:51
The 895 level is indeed under a lot of pressure, and it feels like the sell orders are quite stacked up.
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ser_we_are_early
· 01-09 03:44
The sell orders on that side at 895 are indeed piling up heavily, and the rebound momentum is indeed a bit weak.
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rugdoc.eth
· 01-09 03:39
Position 895 does feel a bit redundant; the lack of strength in the rebound is too obvious.
BNB's recent trend has been quite interesting. Yesterday, after reaching 875, there was a rebound, but the rebound strength was indeed insufficient, and the overall rhythm still appeared somewhat loose. By this morning, when the price touched around 895, it was again under pressure, clearly encountering quite a bit of selling volume in the short term.
From the candlestick structure, this rebound is mainly a technical correction and has not formed genuine upward momentum. In this situation, taking a short position at high levels with pressure is a relatively safe approach.
From an operational perspective, consider shorting in the 895 to 899 range, with a stop-loss set around 900 for safety. The target below is around 870, which was previous support and also a relatively clear profit-taking zone.
Trading is all about following the trend—advance quickly when appropriate, exit quickly when necessary. The most important thing is to stick to risk management bottom line and prevent a single loss from wiping out previous gains. The trends of mainstream coins like Bitcoin and Ethereum are also worth observing simultaneously, as they often provide valuable reference signals.