BNB resistance becomes support

The recent breakout above the 500-510 zone is now finding support at that level. Looking to go long with a stop below the 500 area

Trade active:

Now that the market has pushed off 500, that level will become my bullish invalidation point.

Looking to add more to this position.

Initial target around 650, then looking for a break of ATH at 700 and beyond

Trade active:

First target at 650 was hit.

Price has now declined about and is hovering above the 500 area.

If it manages to stay above the 500 area I will look to play a move back to the all time highs

Comment:

As the general crypto correction continues a break below the 500 area on BNB will take me out of this trade for a small gain.

The original idea was intended to play a move to new all time highs which has not happened.

Small profits were taken at 650 and some of those profits were added to a second position at 560 after price dipped and stayed above the resistance turned support around 500

Trade active:

500 continues to act as support

I've added to my position here

Stop at 480