📈Binance Coin (BNB) Jul-17 #BNB $BNB
BNB has conquered the $240 zone and is continuing to move towards the $300 zone. It can totally approach the $350 zone as selling at the $300 zone won't be a big deal for it.
Currently, BNB has also officially closed above the MA50 of 1-Day timeframe, which it has not done since the end of April until now. Therefore, accumulating BNB around $240 is perfectly reasonable in the current situation.
However, we need to have a backup plan if BNB loses the $240 area, we will consider buying BNB at $200, which is a very strong support area for BNB.
Currently, BNB has also officially closed above the MA50 of 1-Day timeframe, which it has not done since the end of April until now. Therefore, accumulating BNB around $240 is perfectly reasonable in the current situation.
However, we need to have a backup plan if BNB loses the $240 area, we will consider buying BNB at $200, which is a very strong support area for BNB.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.