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ahk
Mar 30, 2021 9:37 AM

Expecting sell off to 110-150 USDT in summer  Short

Binance Coin / TetherUSBinance

Description

BNBUSDT is preparing to finalize the massive third wave. I'm expecting a pullback to 110-150 USDT area in summer.
I will follow up on the idea once short position is placed.

Comment

As expected, BNB moved upside for Ath. This is probably 5th wave of the massive third wave. Still no sign of any reversal signal. Following up.
Comments
chaoswars
1. Never bet against the trend
2. Reversals generally don't go higher than 30%. BSC is making massive moves this cycle, and BNB is both driving and benefitting from that.
ahk
@chaoswars, After correction, expecting 1100 usdt at the end of 2021 is plausible.
chaoswars
@ahk, sure. I just doubt it will drop further than the current price during the summer. If that, even.
FOMO_Trader
interesting view
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