I love crypto, but hate vaporware. This is why I like BNB as a project: it has a use. Think of BNB as a loyalty program for the best US-crypto exchange, Binance. BNB was initially released to raise money to build out their exchanges, and using it to pay fees on Binance gives you a solid discount. Binance destroys some of their BNB, reducing supply, every so often to make sure it keeps going up. I'm not meme-ing that BNB is the future of money or anything (looking at you, DOGE), it's just that it already has a use case on a successful project.
1) Huge move up. The recent moves in BNB outpaced a lot of other alt gains, including ETH!
2) Tight range consolidation after the large move. This is to be expected.
3) Volatility expands down, but the drop doesn't go anywhere.
4) Price tests the highs again, and the range expands upward immediately!
Entry: immediate
Target: hold until the trend changes down
Stop: $9 below entry
Stats are from 1/1/2020 to current using ~2% risk and a long-only strategy.
1) Huge move up. The recent moves in BNB outpaced a lot of other alt gains, including ETH!
2) Tight range consolidation after the large move. This is to be expected.
3) Volatility expands down, but the drop doesn't go anywhere.
4) Price tests the highs again, and the range expands upward immediately!
Entry: immediate
Target: hold until the trend changes down
Stop: $9 below entry
Stats are from 1/1/2020 to current using ~2% risk and a long-only strategy.
