BNB IS DOWN ONLY 1 PERCENT WHILE THE MARKET BLEEDS
In a sea of red BNB is barely down 1 percent near 742 dollars with 82 million in volume
That is real relative strength
Exchange tokens are acting as shelter while traders wait for CPI tomorrow
Bitget Token is even green up 1 percent near 2 dollars
Money is hiding in the coins backed by real exchange revenue
Top 3 coins on my radar are $BNB $BGB and $OKB
BNB holding near 742 into macro fear shows how strong the bid is
BGB at 2 dollars keeps grinding and looks like it wants new highs
OKB is down 4 percent near 122 dollars and is the laggard of the three
Trade signal on BNB
Entries between 720 and 740
Targets at 780 then 820
Stop under 690
This is the defensive long for traders who want exposure without the volatility of alts
My take as an analyst
When the market is scared capital rotates to cash flow
Exchange tokens are the closest thing crypto has to defensive stocks
BNB leading this group tells me the dip buyers are not gone
They are just hiding
Do you rotate into exchange tokens during fear or do you go full stablecoin?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNB
In a sea of red BNB is barely down 1 percent near 742 dollars with 82 million in volume
That is real relative strength
Exchange tokens are acting as shelter while traders wait for CPI tomorrow
Bitget Token is even green up 1 percent near 2 dollars
Money is hiding in the coins backed by real exchange revenue
Top 3 coins on my radar are $BNB $BGB and $OKB
BNB holding near 742 into macro fear shows how strong the bid is
BGB at 2 dollars keeps grinding and looks like it wants new highs
OKB is down 4 percent near 122 dollars and is the laggard of the three
Trade signal on BNB
Entries between 720 and 740
Targets at 780 then 820
Stop under 690
This is the defensive long for traders who want exposure without the volatility of alts
My take as an analyst
When the market is scared capital rotates to cash flow
Exchange tokens are the closest thing crypto has to defensive stocks
BNB leading this group tells me the dip buyers are not gone
They are just hiding
Do you rotate into exchange tokens during fear or do you go full stablecoin?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNB