📈Binance Coin (BNB) Jul-17 #BNB $BNB
BNB has conquered the $240 zone and is continuing to move towards the $300 zone. It can totally approach the $350 zone as selling at the $300 zone won't be a big deal for it.
Currently, BNB has also officially closed above the MA50 of 1-Day timeframe, which it has not done since the end of April until now. Therefore, accumulating BNB around $240 is perfectly reasonable in the current situation.
However, we need to have a backup plan if BNB loses the $240 area, we will consider buying BNB at $200, which is a very strong support area for BNB.
Currently, BNB has also officially closed above the MA50 of 1-Day timeframe, which it has not done since the end of April until now. Therefore, accumulating BNB around $240 is perfectly reasonable in the current situation.
However, we need to have a backup plan if BNB loses the $240 area, we will consider buying BNB at $200, which is a very strong support area for BNB.
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