1) BNB has overperformed lately due to the strength of Binance Smart Chain having lower gas fees than the Etherium chain. DeFi is so hot right now. See the related idea, "BNB moving back up!" as we caught that trade.
2) The whole crypto market set new highs for liquidations: $8 billion! Would the market go lower?
3) Nope! Price went into a range and then the range expanded upward to new highs.
Entry: immediate
Stop distance: -$60 from entry
Target: stick with the trade until the trend changes
Stats are from 1/1/2020 to current using ~2% risk.
ETH gas prices won't come down until after Q3 (that's when the fix will be released), so BNB still has a lot of room to run in the next few months!
2) The whole crypto market set new highs for liquidations: $8 billion! Would the market go lower?
3) Nope! Price went into a range and then the range expanded upward to new highs.
Entry: immediate
Stop distance: -$60 from entry
Target: stick with the trade until the trend changes
Stats are from 1/1/2020 to current using ~2% risk.
ETH gas prices won't come down until after Q3 (that's when the fix will be released), so BNB still has a lot of room to run in the next few months!
Trade closed: stop reached:
Trade closed. It might be early, but the bull market may be over for a bit.
