Binance Coin reaches for the outer solar system!
Binance coin has nearly tripled it's value in the last 90 days and is working against Bitcoin as Bitcoin continues bearish. I am so glad I got in when it was around $4.50. These are the next levels I am eyeing, but I will stay in for the long haul and accumulate as much as I can. This utility coin is required in order to get discounts on fees with Binance trades, and when volume spikes, more BNB is spent, more is bought to keep up with the discount for fees. Since Binance is the largest volume exchange for crypto in the world, and they burn a certain number of tokens quarterly, I am on the long train. I expect some pullback here and there, but the channel is holding strong and BNB is bouncing off EMA's like a quarter off a bubble booty.
Trade closed: target reached:
Exited trade around $13.3
Will Take Profit 50% and leave the rest in and see what it does. When a strong pull back happens on the 1 Day, I will be ready to accummulate more.
Disclaimer:These are my personal opinions, only risk what you can afford to lose. Not financial advice.