Technical analysis by ColdBloodedCharter about Symbol BNB: Sell recommendation (18 hour ago)

Time for a big call, a full EXIT from BNB for me, the time has come. My latest spot entry at $1040 was based on the then-expected DEAD CAT bounce, and that's exactly what materialized. The #Binance coin did precisely that, a WAVE B that peaked around the $1185 mark, and did NOT manage to reclaim the 50 MA (yellow) short-term momentum line in the sand. The dead cat SURGE also ended at a textbook fib 0.382 level followed by a loss of the fib 0.5 level at $1119, and that was a BEARISH FLAG breakdown level (targeting... $753, yes). So, the BEAR FLAG breakdown, the textbook completion of WAVE B dead cat, the down-curved 50 MA in confluence with the FALLING TRENDLINE. The BULLISHNESS has evaporated, deal with it. How I deal with it: full EXIT from my recent SPOT at 4%+ (TP1 was at 11%+), full exit from the whole long-term portfolio BNB. It has been a great ride. And a short POSITION, using all of my recent SPOT profit as margin. SHORT at $1083 STOP LOSS: above the 50 MA ($1140 roughly) + above the trendline, 25% stop loss after every 4-hour CANDLE close. TAKE PROFIT: 33% at $965, 33% at $865, and the rest at $755. Btw, huge amounts to be LIQUIDATED below $1000, people have aped in not knowing that it was a DEAD CAT. Brutal, but fair, in my mind. 💙👽