Yesterday I wrote that I would continue to hold BNX, so we made a bigger profit! How will it go next? Maybe there will be a buying opportunity!
5x leverage, the profit rate was 40% yesterday, and now it is 57%!
It seems that my decision to continue holding was not wrong, let's talk about the trend of BNX in the future.
I mentioned the recent rule of BNX in the previous article: when the bottom increase is large and the trading volume is small, it will continue to rise until the rise with enlarged trading volume will end.
You can see that today BNX has increased by 5%, but the trading volume is still relatively small, even smaller than yesterday, which means that it will continue to rise.
As for how high it can rise, it depends on when the trading volume becomes large, and it is possible to usher in a reversal. Let me first talk about the price in my mind: about 1.6 US dollars.
Moreover, BNX has recently experienced token unlocking, but the price has not fallen!
On June 29 this year, I wrote about BNX and published an article. At that time, its circulating market value was only 15%, and now its circulating market value has increased to 65%. During this period, BNX has risen from $0.7 to the current $1.4, which is enough to illustrate its strong potential.
In addition, BNX is also a token of Binance.
The current news is that CZ, the former CEO of Binance, will be released on September 29. If he is released from prison as scheduled, perhaps the tokens of Binance will take this opportunity to hype up a wave of increases.
There are still twenty days before CZ is released from prison. I look forward to the performance of BNX and CZ's safe return.