BNB - Fingers Crossed For $220 Bounce

Updated

- 4H

Haven't posted any charts in a while as the initial ride up from the prior ones has been sweet and enjoyable. Nevertheless, I've been dabbling heavy in BNB DeFi and have some interest in finding good entries for the token itself. BNB has been in chop city for a few weeks now, but this dump is looking different. BBands have fanned outward dramatically but the candles indicate it being oversold. I expect a small bump up to the EMA then an ensuing dump to $220.

$220 is going to be key for me should it get there. A strong bounce will give me confidence to move in further. I'll load in some fiat and use that BNB to increase BSC DeFi positions while retaining a portion for a potential rise back to $270.

If $220 fails we're barreling straight towards the $195 region. If that gives way, it's all she wrote and I move all my bsc plays into stable LPs.

This is not investment advice and trading cryptocurrency is high risk

Note

Hoping $223 did the trick. Looking for a few candles to trend up to the EMA and fly up from there, or a rejection followed by $220 area retest.

Note

aaaaaannnndddd we're back

Trade closed: target reached

It just comes down to having the fortitude to pull the trigger.
$227 -> $410 in <20 days.

LoDoCrypto

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