BNB Short Squeeze incoming ?
Funding is turbo-negative with a beautiful -0.05 on Binance, -0.06 on Bybit etc.
We are a few weeks of the usual quarter BNB Burn.
I'm taking the bet that the spot price will slowly grind up driving perp and this will lead to a short squeeze of those guys shorting.
Of course I can be wrong so.
Longed X3 255$.
Stop at 249$ Target between 290$ and 310$.
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Goal : 2 000 000$ from 2 000$
Wallet last update : 2605$
Wallet today : 2800$
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We are a few weeks of the usual quarter BNB Burn.
I'm taking the bet that the spot price will slowly grind up driving perp and this will lead to a short squeeze of those guys shorting.
Of course I can be wrong so.
Longed X3 255$.
Stop at 249$ Target between 290$ and 310$.
----------------------------------------------------------------------------------------------------
Goal : 2 000 000$ from 2 000$
Wallet last update : 2605$
Wallet today : 2800$
----------------------------------------------------------------------------------------------------
Trade closed: stop reached
Got stopped pretty fast. Won't trade BNB again before it get near ATH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.