If we look at the big picture, we see that a downtrend has been broken and support levels are working. A possible shoulder-head-shoulder pattern is also visible. There is a possibility to continue to rise from here, but I expect a downward movement close to the support. Therefore, I entered a buy order at 236 and will wait from now on.
In my opinion, BNB will be bullish in the ETF hype movement after the beginning of the year. I would also like to remind you that Binance is bigger than CZ.
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I hope you got in on time. I pull my stop order to 240 and forget about it for a while because BNB has a long way to go.
Trade closed: target reached
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-It turned up faster than I thought and hit $300. At this point, you may want to consider selling and waiting to buy at the $265 or $255 support point. -I'm going to move my stop order up and wait for it to go higher in the long term. If you're buying spot and thinking long term, I recommend waiting for BNB to go above $500 next year. The real target is $700.