๐ฅ๐BINANCE FUD COME TO AN END? TRADING PLAN FOR BNB๐ฉ
ืืขืืืื
๐ฅ Hi friends! At the weekends CZ tried to calm everyone down and it seems that it has succeeded so far.
๐ CEO Binance named 4 main reasons for FUD:
1) the audit firm Mazars, which strangely stopped cooperating with crypto companies after the FUD started
2) statements that Binance is insolvent
3) Binance's position in FTT tokens for $2.1 billion
4) unsubstantiated BUSD stablecoin
Then he posted an analysis of Binance's Cryptoquant reserves claiming that Binance's reserves cover liabilities.
He also said that the maximum greed is always observed at the top, and the maximum FUD is always observed at the bottom and said that any FUD is temporary.
โ After his tweets, the price of BNB bounced from $220 to $250 by +13%.
๐ฉ Friends, now many say that Bitcoin is dead, the cryptocurrency will fall to 0, etc. But considering what a fight for the market started after the FTX crash, this is not the end but the beginning of the cryptocurrency market as an industry.
๐SHORT TRADING PLAN FOR BNB:
1. pullback to the lower boundary of the channel
2. false breakout of the local highs
3. bearish BTC
โ THE TARGET FOR SHORT IS THE LOCAL LOW AT $220 AND THE GLOBAL LOW AT $180.
๐ฉ Although the end of the FUD altcoins follows BTC and it has a downtrend now. We may see another strong drop after a local rebound.
โ The main thing is a channel where BNB consolidates for the 4 months. If bulls will have enough power to keep the price inside, we can enter a long trade with these targets:
๐ฅ $295-300 - the mid of the channel and even number
๐ฅ $337 - the top of the channel
๐ฅ $360 - the local high, important key level
Traders, let me know in the comments, what plan is more probable for you. Are u hold money on exchanges or have you already withdrawn crypto to the cold wallets?
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
๐ CEO Binance named 4 main reasons for FUD:
1) the audit firm Mazars, which strangely stopped cooperating with crypto companies after the FUD started
2) statements that Binance is insolvent
3) Binance's position in FTT tokens for $2.1 billion
4) unsubstantiated BUSD stablecoin
Then he posted an analysis of Binance's Cryptoquant reserves claiming that Binance's reserves cover liabilities.
He also said that the maximum greed is always observed at the top, and the maximum FUD is always observed at the bottom and said that any FUD is temporary.
โ After his tweets, the price of BNB bounced from $220 to $250 by +13%.
๐ฉ Friends, now many say that Bitcoin is dead, the cryptocurrency will fall to 0, etc. But considering what a fight for the market started after the FTX crash, this is not the end but the beginning of the cryptocurrency market as an industry.
๐SHORT TRADING PLAN FOR BNB:
1. pullback to the lower boundary of the channel
2. false breakout of the local highs
3. bearish BTC
โ THE TARGET FOR SHORT IS THE LOCAL LOW AT $220 AND THE GLOBAL LOW AT $180.
๐ฉ Although the end of the FUD altcoins follows BTC and it has a downtrend now. We may see another strong drop after a local rebound.
โ The main thing is a channel where BNB consolidates for the 4 months. If bulls will have enough power to keep the price inside, we can enter a long trade with these targets:
๐ฅ $295-300 - the mid of the channel and even number
๐ฅ $337 - the top of the channel
๐ฅ $360 - the local high, important key level
Traders, let me know in the comments, what plan is more probable for you. Are u hold money on exchanges or have you already withdrawn crypto to the cold wallets?
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ืขืกืงื ืคืขืืื
๐ฅ Hi friends! BNB on the way to our second target. BNB have grown by +20% since it closed inside the channel. It was a very bullish signal. Stay tuned๐
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