Let's talk about $BNB today.


BNB, as the leading platform token of exchanges, has performed much better in the current bear market. It has fallen from its high price to just half, which is a 75% drop.
Let's look at different levels of 👇.
Figure 1, monthly level. Currently, on the left side of the chart, although the price is at the bottom, it doesn't mean the shakeout has ended. It looks like there will still be several months of fluctuation.
Figure 2, weekly level. The MACD has a golden cross below the zero line. Currently, this golden cross hasn't kept pace with BTC's recent rebound, showing some underperformance. Maybe the rally in small markets will be delayed?
If you're trading spot based on cycles, you should either choose dollar-cost averaging or wait for the MA60 decision line (weekly level) to cross above the zero line from top to bottom before considering entering.
I can't give any advice on futures contracts.
In trading, less is more; more time is spent waiting for opportunities!
BNB1.09%
BTC3.01%
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