Those who shorted #BNT for the short-term /quick profits.
i think it's wise to take partial profits here.
Leave the stoploss at breakeven and let it drop as much as it wants to.
Your position is now risk free.
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Alright since many of you are asking for my thoughts on #BNT here it is
Historically 0.59-0.63 area is where price mostly gets a pullback ( See the chart for reference )
funding rates are sitting at -2% that shows people are blindly shorting it
If you really want to short it 0.59-0.63 is the area to go if it goes there because that's a strong area we have on.the chart historically .
Now some of you may say ohh price is at 0.56 that means it has more room to go up i should buy and sell there. No don't do that you are late now.
0.59-0.63 is a potential area of rejection, there is no guarantee that price will go there but the area is less risky for a short play rather than a blind short.
Good luck , stay safe don't trade with high leverage and don't get liquidated 😊
Historically 0.59-0.63 area is where price mostly gets a pullback ( See the chart for reference )
funding rates are sitting at -2% that shows people are blindly shorting it
If you really want to short it 0.59-0.63 is the area to go if it goes there because that's a strong area we have on.the chart historically .
Now some of you may say ohh price is at 0.56 that means it has more room to go up i should buy and sell there. No don't do that you are late now.
0.59-0.63 is a potential area of rejection, there is no guarantee that price will go there but the area is less risky for a short play rather than a blind short.
Good luck , stay safe don't trade with high leverage and don't get liquidated 😊
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