Binance Coin has been without a doubt the hottest crypto of the year. It is almost at all-time highs while most cryptos, including Bitcoin, are 50% or more off their all-time high prices from late 2017. We are seeing huge relative strength in the name.
It’s strong trend has presented some great trading opportunities for us in our chatroom. We got long at $19.48 and scaled out to about $24 per coin (see screenshots below). Check out this video for the trade recap:
Here are screenshots of my entries and exits:
There has been a ton of opportunities in the markets the past few weeks. A lot of the dumb money has been shaken out of the markets, and now we are seeing a ton of great clean moves and bottoming formations in cryptos across the board.
50% off Cryptostreet: Kick Start Your Summer Trading
The crypto markets are finally seeing momentum and trend after months of a choppy, range-bound market. There are amazing opportunities in the market every week. For this reason, we are offering 50% off our Cryptostreet chatroom to help you capitalize on the momentum in the crypto markets. Act soon the offer ends on May 1st!
Click here to join Cryptostreet.
Use coupon code ’50Off’ to get 50% off your monthly membership.
Kunal Desai is an American day trader (stocks and cryptos) and founder of Bulls on Wall Street and Bulls on Crypto Street, two online trading academies and informational publications. He has been featured in many high profile publications like Inc, Forbes, Buzzfeed, and Fortune. He has spoke at trading and business events all across the World.