BNB Tops $865 — Strong Momentum but Time to Take Profits
I see BNB surge above $865 and reach a new all-time high in a short time, showing strong bullish momentum. The rapid move suggests heavy buying interest but also raises the odds of a sharp short-term pullback as traders lock in profits.
I would monitor volume, RSI and intraday breadth for signs of exhaustion and avoid buying aggressively at the peak. A sensible approach is to take partial profits into strength and wait for a consolidation or pullback before adding new long exposure.
Analysis
Recommendation
Sell on strength: take partial profits at these levels, tighten stops on remaining positions, and wait for a clearer consolidation or pullback before initiating new buys.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.