A few days before that, Binance announced a coin burn. Many of my subscribers wrote that they were buying coins and waiting for the rise, then we did a review and made a video that in the history of coin burn, bnb went down 10 out of 13 times. Which is actually what happened this time, bnb is down 15%. Hopefully, this helped a lot of people to save their money and maybe even make a profit.
We opened short positions at the time and made money on it.
What to do now?
Right now bnb is testing a local . At the moment, I prefer to watch the market and look for good entry opportunities.
But if Binance makes a quick strong drop into the area marked below, with a big increase in volumes, that would be the best buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade