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BNB has been somewhat weak in this recent market rally. On the four-hour chart, the rebound has been met with resistance, and selling pressure continues to pour in. The bulls seem to be losing strength, with no signs of a breakthrough.
From a technical perspective, the market is firmly pressed below the middle band of the Bollinger Bands, which itself is still trending downward, indicating a genuinely weak market. The MACD remains below the zero line, with the green histogram shrinking but no golden cross yet. The RSI is even more troublesome, consistently failing to rise above the 50 mark. These signals together suggest: limited rebound strength, and the weak trend has not yet reversed.
If you want to trade, consider shorting in the 850-855 range, with initial targets at 835-830. If this level is also broken, then look further down to the support around 820. Be sure to set stop-loss orders throughout the process, as the market often crashes suddenly when you're unprepared.
850-855 is indeed a good shorting point, but I'll still observe first, after all, sudden reverse surges happen too often.
Stop-loss must be set properly. Last time, it was because of greed that I got caught off guard.
It's quite interesting that RSI can't climb above 50; short-term rebounds might indeed be weak.
History always repeats itself, brother. It's really hard to say whether the 820 level below can hold.
It's heartbreaking that RSI can't climb above 50, the bulls are completely out of options.
Set your stop-loss properly, this wave is easily broken through, don't gamble.
With such fierce bears, can 820 hold? It feels like it still needs to fall further.
The Bollinger Bands are under so much pressure, a rebound is unlikely, better to short early.
MACD is still lying below, the rebound probably has reached its limit, see how 835 goes.
The bulls are really exhausted, this pattern can't turn around.
Selling pressure is so fierce, is shorting at 850 stable? I'm a bit scared.
Weakness is weakness, don't think about bottom fishing, following the bears is the safest choice.
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Are the bulls losing strength again? I saw it coming a long time ago. This time is really different.
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The middle band of the Bollinger Bands has been suppressing it all along. No wonder the rebound has been so exhausting.
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Short at 850-855, target 830. I feel it can reach there. Stop-loss needs to be set well so I don't get shaken out.
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RSI can't climb above 50. This weakness—when will it turn around?
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Going down again? The pace is a bit fast. I need to leverage up and try to test the waters.
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MACD is still oscillating in the negative zone. A golden cross is still a distant dream.
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The shrinking green bars are useless. This consolidation is really going to drive people crazy.
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If the 820 support breaks, there's really no bottom left. I need to be cautious.
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Such fierce selling pressure. Are the bears making a killing? I need to get on board too.
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The Bollinger Bands are squeezing tightly. Looks like it won't stop until it hits 820.
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RSI can't climb above 50. Basically, no one is willing to buy in. Something feels off about this rhythm.
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Once again, using the stop-loss setup as an excuse. Sounds good, but the key is whether you can stick to it, haha.
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The bulls really have no strength left. Feels like it could break through 835 at any moment.
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MACD is still wandering in the green, unable to rebound. A typical deadlock.
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Short at 850 sounds okay, but I'm just worried about a false breakout again.
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Just watch it go down all the way. Can it hold at 820? That's the real question.
Entering short at 850 feels stable, just worried about it not dropping
The Bollinger Bands are so tight that a rebound seems impossible, better wait for clearer signals before acting
RSI stuck below 50, it's really uncomfortable, this wave is definitely bearish
Stop-loss must be set, sudden liquidation events can happen to anyone and are uncontrollable
If it breaks 830, we'll continue to look for a short, the trend is still weak
The bulls are out of the game, now it's the bears' show
Try shorting at 850, but brother, I feel it might continue to drop, be careful of a rebound.
The middle band of the Bollinger Bands is tightly pressing down, and the MACD is also showing no signs of improvement. This signal is too obvious, extremely weak.
835 is probably the key level, I feel it could drop to that point.
There is indeed support around 820, but honestly, no one can predict the current market, so stop-losses must be set properly.
Why aren't the bulls waking up yet? RSI can't even rise above 50, really numb.
I don't dare to go long at this position; the bears are too fierce.
Try shorting one lot at 850, set your stop-loss properly and don't be greedy
RSI stuck below 50, definitely a weak signal
It's going to get hammered again, it happens every time, can't defend against it
The middle band of the Bollinger Bands is still downward, no reversal seen in the short term