The key is whether the reported price (ATH) can be renewedHello traders!
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(BNBUSDT 1M chart)
It has risen above 533.9 and continues to rise to renew the new high (ATH).
Accordingly, the key is whether it can rise above 1 (730.5).
If not, and it falls, you should check if it is supported around 533.9.
(1W chart)
I believe that the 573.0-649.5 section corresponds to the psychological volume profile section.
Accordingly, the key is whether the price can be maintained by rising above 649.5.
(1D chart)
If the price maintains above 573.0-649.5, it is expected to rise above 730.5.
If it falls,
1st: 522.0
2nd: 427.2
You need to check if you receive support near the 1st and 2nd levels above.
If the price holds above Fibonacci 1 (730.5), the next target is expected to be 1.618 (1057.2).
It may swing up and down to rise to around 1057.2, but I think it is highly likely that it will eventually touch it.
BNB is one of the coins whose circulation volume is reduced through periodic buybacks.
Therefore, I think it is a coin that can be used for mid- to long-term investment.
These mid- to long-term investment coins can be purchased at a low price and held as is.
However, if possible, when a large upward trend appears to be coming to an end, I think it is a good idea to increase the number of coins corresponding to profit by selling only an amount equivalent to the purchase principal.
If you sell the amount of the purchase principal, the average purchase price of the remaining coins is 0, so there is no risk of long-term holding.
Therefore, purchase principal * 1.1 = amount to sell
(Example) If you multiply the purchase principal by 1.1, you will sell 10% more of the purchase principal.
As above, it is recommended to multiply it by about 1.1 and cash out more than the purchase principal.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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