Where BNB is heading
Going against the general bearish trend BNB is the dark horse in those weeks with a +20% in 4 days
Apart the discount-fee use on Binance exchange there are a few other good fundamental reasons for this success, but after breaking the ATH no one knows where the price is heading
For sure is going to see some kind of retracement. Looking the daily chart the RSI is strongly overbought, price is taking a parabolic grow and is near the upper trendline of the bullish channel and this imho is not sustainable for long.
Expect a top around 28K and 30K sat and a retracement that will last days. Possible reentry could be at 22750K and 18600K sat where 4hr and 1D supports formed in the past
Best strategy is to put a trailing stop-loss to protect the profit as the price rise to the possible top
Apart the discount-fee use on Binance exchange there are a few other good fundamental reasons for this success, but after breaking the ATH no one knows where the price is heading
For sure is going to see some kind of retracement. Looking the daily chart the RSI is strongly overbought, price is taking a parabolic grow and is near the upper trendline of the bullish channel and this imho is not sustainable for long.
Expect a top around 28K and 30K sat and a retracement that will last days. Possible reentry could be at 22750K and 18600K sat where 4hr and 1D supports formed in the past
Best strategy is to put a trailing stop-loss to protect the profit as the price rise to the possible top
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