BNB: BUYING HERE beautiful breakout out of channel base, 10% SLBNB / USDT pair on Binance, powerful volume breakout of channel base. Buying here with 10% stop loss that is slightly lower than other areas of support in the channel (140 is a potential area of support, as well as ATH pivot of 147).
I took a full position entry here (10%) of portfolio.
Profit taking targets are 30-50% at 1/4 or 1/3 and letting the rest ride with a B/E or slightly positive stop.
Binance smart chain (BNB) projects are catching fire this cycle, other BNB based projects are also going higher today like CAKE.
I also hold BNB long term.
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Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to successful positions to a max of 25% total of portfolio.
For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halves. I look for 80-100% gains for further profit taking.
Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
