Golden Pig's take: Binance's CFO is changing, but I'm not reading it negatively. $BNB I'm staying bullish—as long as the price holds around 680.
1) Kaiser Ng posted a long note: After five years as CFO, he's leaving to start his own venture and handing the role over to incoming CFO Justin. He Yi's statement says the transition plan has been underway for the past six months; incoming CFO Justin Yek was previously VP of Finance at Airwallex.
2) CZ reposted and responded: Kaiser had talked about his plans to start a venture months ago, and YZi Labs has always been willing to support projects by current or former colleagues. His next move is to tokenize real-world assets like basketball, music, GPUs, robotics, gold, and collectibles.
3) Looking at the daily chart for $BNB : The sharp drop on October 29 hit a low of 680; the low on November 4 was around 680.7; early this morning, it followed $ETH down to a wick low of about 678.4. All three dips were quickly bought back, and the price is now around 688.
My approach: If it holds around 680, I'll build a small position in batches; I'll add if it gets back above 700. If the daily candle closes below 678, I'll reduce my position rather than stubbornly hold on. When news like an executive departure breaks, I first look at whether there's a succession plan, then at how key price levels are holding.
How do you usually manage your position when news of an executive change like this comes out?
#币安 #Binance #BNB $BNB $BTC
Data sources: Kaiser Ng and CZ's posts on X, He Yi's statement (Reuters), and Binance spot candlesticks. These are my personal views only and do not constitute investment advice. DYOR.
1) Kaiser Ng posted a long note: After five years as CFO, he's leaving to start his own venture and handing the role over to incoming CFO Justin. He Yi's statement says the transition plan has been underway for the past six months; incoming CFO Justin Yek was previously VP of Finance at Airwallex.
2) CZ reposted and responded: Kaiser had talked about his plans to start a venture months ago, and YZi Labs has always been willing to support projects by current or former colleagues. His next move is to tokenize real-world assets like basketball, music, GPUs, robotics, gold, and collectibles.
3) Looking at the daily chart for $BNB : The sharp drop on October 29 hit a low of 680; the low on November 4 was around 680.7; early this morning, it followed $ETH down to a wick low of about 678.4. All three dips were quickly bought back, and the price is now around 688.
My approach: If it holds around 680, I'll build a small position in batches; I'll add if it gets back above 700. If the daily candle closes below 678, I'll reduce my position rather than stubbornly hold on. When news like an executive departure breaks, I first look at whether there's a succession plan, then at how key price levels are holding.
How do you usually manage your position when news of an executive change like this comes out?
#币安 #Binance #BNB $BNB $BTC
Data sources: Kaiser Ng and CZ's posts on X, He Yi's statement (Reuters), and Binance spot candlesticks. These are my personal views only and do not constitute investment advice. DYOR.
