DISCLAIMER: This is not financial advice.
After BNB's gigantic move to grow 170% in two days, a correction was bound to happen. But now with BTC's new ATH of $57,700, a whole new generation of users are flooded into the crypto community. Binance, being the biggest exchange, will surely attract a lot of these people. This should pump BNB to new unknown heights in the future.
At first glance it looks like we've encountered the first support line of BNB at $~266. This means that right now the perfect opportunity has come to make a quick buck by making an entry.
Entry price: $ 272
Take profit: $ 367
Stop loss: $ 265
Let me know what you guys train of thoughts are. I would call bullish.
After BNB's gigantic move to grow 170% in two days, a correction was bound to happen. But now with BTC's new ATH of $57,700, a whole new generation of users are flooded into the crypto community. Binance, being the biggest exchange, will surely attract a lot of these people. This should pump BNB to new unknown heights in the future.
At first glance it looks like we've encountered the first support line of BNB at $~266. This means that right now the perfect opportunity has come to make a quick buck by making an entry.
Entry price: $ 272
Take profit: $ 367
Stop loss: $ 265
Let me know what you guys train of thoughts are. I would call bullish.
Trade closed: stop reached:
Stop loss hit thanks to BTC small crash.