1016 BNB Strategy
Figure 1 shows the BNB 4-hour candlestick chart
Figure 2 shows the BNB 1-hour candlestick chart
From the higher timeframe in Figure 1, we can see
that today BNB has touched the lower, higher-timeframe uptrend line
at 10 a.m. and 10 p.m. on October 15
with the two levels corresponding to 708 and 712, respectively
Given the very clear signs of price control in BNB lately
when BTC and ETH fall, BNB also falls, but it always manages to recover afterward
If the broader market continues making new lows in the near term
BNB is very likely to break below this 4-hour uptrend line
and then hit the support level at 680 below
This rally has been the one that the most people have missed
I started calling for buying BNB spot at 570 back in April
and went long at 570 with coin-margined contracts, keeping the liquidation price below 350
I kept calling for buying BNB spot and going long with coin-margined contracts from early June through late July, too
How many people have held on to it until now?
Every year, BNB gives you three to four chances to buy at a relatively low price
Whether you can hold on for the long term is up to you
If it drops again this time, you have to seize the opportunity
For now, it looks very likely that the 1-hour candlesticks will follow Bitcoin down to 680 below
If you get in there, set your stop-loss at 672 (the low after the natural pullback from the rally at the end of August)
You can buy spot or use futures at 680
If you missed BNB at 560 or 570, no worries—the last train of this bull market is picking you up at 680
If you believe in BNB, just hold on to it
#bnb $BNB #老郑策略
Figure 1 shows the BNB 4-hour candlestick chart
Figure 2 shows the BNB 1-hour candlestick chart
From the higher timeframe in Figure 1, we can see
that today BNB has touched the lower, higher-timeframe uptrend line
at 10 a.m. and 10 p.m. on October 15
with the two levels corresponding to 708 and 712, respectively
Given the very clear signs of price control in BNB lately
when BTC and ETH fall, BNB also falls, but it always manages to recover afterward
If the broader market continues making new lows in the near term
BNB is very likely to break below this 4-hour uptrend line
and then hit the support level at 680 below
This rally has been the one that the most people have missed
I started calling for buying BNB spot at 570 back in April
and went long at 570 with coin-margined contracts, keeping the liquidation price below 350
I kept calling for buying BNB spot and going long with coin-margined contracts from early June through late July, too
How many people have held on to it until now?
Every year, BNB gives you three to four chances to buy at a relatively low price
Whether you can hold on for the long term is up to you
If it drops again this time, you have to seize the opportunity
For now, it looks very likely that the 1-hour candlesticks will follow Bitcoin down to 680 below
If you get in there, set your stop-loss at 672 (the low after the natural pullback from the rally at the end of August)
You can buy spot or use futures at 680
If you missed BNB at 560 or 570, no worries—the last train of this bull market is picking you up at 680
If you believe in BNB, just hold on to it
#bnb $BNB #老郑策略
