#BNB
《Target Achieved———BNB Position Update》
BNB's recent performance has neither been outstanding nor simply following the trend; it has developed its own trajectory. After reducing positions, it allowed everyone to add to their positions around 626, with the lowest price hitting 633. Missing the optimal point for adding positions has limited profit expansion, but it has not exposed the principal to risk. However, there are still chips in hand.
Its trend appears to have strong resistance around 705. Due to insufficient chips, it is advisable to reduce positions at this level. Once it breaks through, it will move towards the previous high point of 800, which is also where we reduced our positions.
Although we missed this recent increase in BNB, CAKE, which has been bought up from around 1.6, had us reduce positions above 2.5, allowing everyone to add positions around 2.13, with the lowest reaching 2.122. This enabled everyone to add positions at an absolute low point, leading to a nice surge today.
2.9 is a high point, with resistance at 2.8. Currently, any price above 2.7 is a position to reduce. Reducing to half positions is sufficient. Then we will watch whether the 2.4 level can effectively hold when it retraces, to decide whether to add positions and enter the market.