Cheng Jie: Current market analysis and trading strategy for BNB



After BNB dropped to the 1050 area, it triggered a rebound and is currently oscillating above the lower Bollinger Band. The overall trend still leans towards bullish, and it is recommended to focus on low long positions.

Trading strategy:

• Entry range: 1040-1050 area

• Target range: looking up to the 1100-1130 area

• Risk control: The defensive points should be flexibly set according to the size of the individual's position to ensure that the risk is controllable.
BNB-1.55%
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