July 19th · BNB Short-term Review
Last night, I positioned myself to short around 745 and this morning successfully took profit at 724, gaining a solid 21 points without leverage, which is quite satisfying.
Currently, BNB is in a strong bullish structure, but pay attention to a few points:
734-738 is a strong resistance from previous highs; if we break through with volume, we can see a target of 760;
If we cannot break through 738, there may be short-term fluctuations and pullbacks, with support to watch at the 710/685 area;
Even the strongest bulls need rhythm; it’s not about blindly chasing long positions, but rather setting up in advance and making quick entries and exits.
The strategy going forward:
Breakthrough 738 + increased volume: consider going long on a pullback to 730, target 750-760;
If 738 holds and we move sideways: temporarily observe and wait for the main force to give a new direction;
If we pull back and break below 710: pay attention to profit protection, don’t get too attached to the trade.
At this position, many people want to get in but fear chasing the high and making the wrong move.
Don’t be afraid; you are not fighting alone.
I will keep an eye on the market, and I will guide the rhythm.
As long as you can execute, the next wave of profits won’t be hard to achieve.
For those who want to position themselves in advance with me, I will tell you: where to find the next “21 points” waiting for you!
