Here is my current outlook on BNB. Nice price recovery so far as anticipated with the next IEO coming up in just over a week. I do not anticipate a dump in the next few days. Price should at least hold near these levels. If we see a continued pump toward ATH I would take profits around .0044 and buy back lower after post IEO sell off. My targets are outlined as scenario #1. If we stay range bound (see: yellow box) leading up to the next IEO then .00394 might be about as good of a price one will find to get out. If this is the case I anticipate a much stronger sell off; scenario #2. Regardless I would not be holding through the IEO unless you are a long term HODLer.
Trade closed: target reached:
Scenario #1 played out with force!