Just like most crypto, BNB has seen some steady gains in the past few weeks. Apart from that, BNB currently resides on a crossroad.
This post serves as a warning for potential BNB investors. BNB's all time high is located at around $40, which is exactly where we currently are. There's a possibility that the price fails to pierce through the $40 mark, resulting in a decline in price and potentially setting off a new bearish phase all the way to $10.
At the moment, I would refrain from entering long positions. Go long when the price has closed above $40 on the daily chart, maybe even the weekly chart. With all the volume currently in drypto, I dont see the demand for BNB falling anytime soon.
This post serves as a warning for potential BNB investors. BNB's all time high is located at around $40, which is exactly where we currently are. There's a possibility that the price fails to pierce through the $40 mark, resulting in a decline in price and potentially setting off a new bearish phase all the way to $10.
At the moment, I would refrain from entering long positions. Go long when the price has closed above $40 on the daily chart, maybe even the weekly chart. With all the volume currently in drypto, I dont see the demand for BNB falling anytime soon.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.