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$BNB wc, what's there to hesitate about?
🚀 Long strategy, follow the trend:
● Entry point: Current price around 573, or wait for a pullback to the 568-570 range and add long positions in batches.
● Stop loss: If it breaks below 564 (if it breaks here, it means the reversal has failed, must admit loss and exit).
● Take profit targets: First target 582, second target 590 (take profit and run, don't chase the last copper).
⚠️ Short strategy (counter-trend top fishing):
● Entry condition: Only when the price surges to around 585-588 and shows a clear long upper shadow or bearish engulfing pattern, consider a small short test position.
● Stop loss: If it breaks above the previous high of 594, stop loss immediately.
● Reason: Unless the broader market crashes, shorting now is like picking up coins in front of a bulldozer!!! #bnb
Never go all-in. Keep the green mountains, and you won't lack firewood!