BNB | Binance will not allow her own token to fail.
Actually, I have done a previous analysis of the BNB chart when we were trading around the 230 area.
On that day, I wrote verbatim that we are at a crossroads, and I wondered a legitimate question: Is it too big to fail, or is too weak to survive.
Over time, we discovered that it was too big to fail.
Now we are facing a new crossroads. Will Binance continue to support its own token, or will it allow selling bears to skin BNB alive.
Recently, we noticed that its support for its own token is derived through the introduction of new projects in it's own launchapd.
Regardless of my vision of these projects and the extent of their importance or the addition they may provide to the industry, the reality imposed on us is that Binance’s introduction of these projects supports its own currency very significantly.
In all cases, and far from any side disputes, I expect further rises in the BNB price, but due to the instability conditions expected to occur during the coming days, especially with the news circulating about Bitcoin, I strongly suggest to DCA your entry at least twice.
Here is the final setup info
Entry 1 : 303
Entry 2 : 277.78
Average entry : 290.39
Stop : 254.1
TP1 : 337.5
TP2 : 370.7
Final setup target : 455
Goodluck.
On that day, I wrote verbatim that we are at a crossroads, and I wondered a legitimate question: Is it too big to fail, or is too weak to survive.
Over time, we discovered that it was too big to fail.
Now we are facing a new crossroads. Will Binance continue to support its own token, or will it allow selling bears to skin BNB alive.
Recently, we noticed that its support for its own token is derived through the introduction of new projects in it's own launchapd.
Regardless of my vision of these projects and the extent of their importance or the addition they may provide to the industry, the reality imposed on us is that Binance’s introduction of these projects supports its own currency very significantly.
In all cases, and far from any side disputes, I expect further rises in the BNB price, but due to the instability conditions expected to occur during the coming days, especially with the news circulating about Bitcoin, I strongly suggest to DCA your entry at least twice.
Here is the final setup info
Entry 1 : 303
Entry 2 : 277.78
Average entry : 290.39
Stop : 254.1
TP1 : 337.5
TP2 : 370.7
Final setup target : 455
Goodluck.
Comment:
Trade active:
Target 3 So far
Target 3 So far
Trade closed: target reached:
OMG!
OMG!
Trade closed: target reached
The atmosphere began to heat up.
We have a confirmed 1h timeframe breakout, we should see an agressive move towards the 2nd target around 370's...