Binance Life will make new highs before long—that’s my prediction.
The meme’s signal that it had bottomed appeared as early as August 20. Over the following month or so, it repeatedly tested 0.45 without breaking below the previous low, though it also failed to break out of its consolidation range. The candlesticks from the past two days have finally delivered a decisive breakout.
The downside is that there have been too many long wicks. If you’re trading highly leveraged futures, it’s hard to ride this out unless you have no liquidation price. Spot is the best option. If there’s another sharp dip near 0.52 over the next few days, you can still add to your position.
The key zone for this move is 0.66–0.88. Target: 1.27.
The meme’s signal that it had bottomed appeared as early as August 20. Over the following month or so, it repeatedly tested 0.45 without breaking below the previous low, though it also failed to break out of its consolidation range. The candlesticks from the past two days have finally delivered a decisive breakout.
The downside is that there have been too many long wicks. If you’re trading highly leveraged futures, it’s hard to ride this out unless you have no liquidation price. Spot is the best option. If there’s another sharp dip near 0.52 over the next few days, you can still add to your position.
The key zone for this move is 0.66–0.88. Target: 1.27.