🚧 Binance is going to burn $1 billion 🔥🔥
Actualizado
Binance coin will conduct a coin burn in the coming days, and from a fundamental point of view, this is pretty good news, as demand increases as supply decreases.
Let's take a look at how the price has historically reacted to this process.
Statistically, after burnout, the price falls more often than it rises. 10 out of 13 burnout cases ended up with an average price drop of 15%, and only in 4 cases did the price rise.
This time is likely to be no exception, and the price will also react to this burnout.
This proves once again that news does not always have a positive effect on price movement, and the first thing to do is to work on the trend and understand the price dynamics. Only knowledge will help you do that, and Biko Academy will help you with the knowledge.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Let's take a look at how the price has historically reacted to this process.
Statistically, after burnout, the price falls more often than it rises. 10 out of 13 burnout cases ended up with an average price drop of 15%, and only in 4 cases did the price rise.
This time is likely to be no exception, and the price will also react to this burnout.
This proves once again that news does not always have a positive effect on price movement, and the first thing to do is to work on the trend and understand the price dynamics. Only knowledge will help you do that, and Biko Academy will help you with the knowledge.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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