NFP is down 65.8% in a day, and I’ve been stuck in this BNB position for three days.
It’s ground from 691 to 670, just bouncing around within a 21-dollar range. I’ve been watching so hard my eyes are about to pop out.
The current price is 681.99, hovering below the moving averages. If you’re looking to buy the dip, check out the 670.78–672.21 entry range first. If it breaks below 668.27, you should admit defeat.
I’m not chasing it. I’ll wait for it to retest support at 670 before deciding. The risk-reward ratio there is 6.55, which beats my blind guessing.
ERA is up 12.7%—let it have its run. I’ll just sit tight with this small position. If I cut it now, I won’t even have a story to joke about.
I’ll keep watching tomorrow to see whether it holds 670. If it does, we’ll talk.
$BNB #Market