$BNB #BNB
BNB fell harder than BTC. That tells you what this selloff is really about.
BNB is around $709 this morning on CoinGecko, down about 5.1 percent in 24 hours, with a range of $682 to $758, and Reuters reporting put it down more than 8 percent at one point near $694. My opinion is that BNB is not just following BTC today, it is pricing in exchange risk itself, because the news is about Binance, with deposits and withdrawals suspended and $2.54 billion frozen according to BusinessToday. That makes BNB the most sensitive coin in this story. I would not catch this falling knife for a quick bounce, I would watch $682 below and $730 above, and only trust a recovery if Binance gives a clear update and BNB reclaims $730 with strength.
Do you think BNB bounces back above $730 today, or falls toward $682 first?
#BinanceCoin #Crypto #FuturesTrading #TradingSignals
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BNB fell harder than BTC. That tells you what this selloff is really about.
BNB is around $709 this morning on CoinGecko, down about 5.1 percent in 24 hours, with a range of $682 to $758, and Reuters reporting put it down more than 8 percent at one point near $694. My opinion is that BNB is not just following BTC today, it is pricing in exchange risk itself, because the news is about Binance, with deposits and withdrawals suspended and $2.54 billion frozen according to BusinessToday. That makes BNB the most sensitive coin in this story. I would not catch this falling knife for a quick bounce, I would watch $682 below and $730 above, and only trust a recovery if Binance gives a clear update and BNB reclaims $730 with strength.
Do you think BNB bounces back above $730 today, or falls toward $682 first?
#BinanceCoin #Crypto #FuturesTrading #TradingSignals
Follow for more trades
