I have finally managed to fully close my BNB/BTC trade. I have been holding on to my BNB for probably a month now and it has shown very little movement even though majority of other crypto currencies have seen sharp declines. I have opened my trade at 152700sats, closed a portion of it at 155400 sats last week and another portion at 155950sats just yesterday.
This second portion was closed because I had moved my stop when BNB started rallying yesterday and basically I have placed it too tight. Had I not done that I would have probably been able to ride the wave quite a bit further.
At the time of writing this BNB is at 175000 and I feel like a right fool for not just leaving it alone as initially my first profit taking target was at around 163000 with 170000 as my target to close the position fully (resistance levels). With so many coins falling I was worried BNB would follow the market, but as we can all see it did not.
Not a big deal I suppose, just a lesson for next time to be a bit more patient. On the other hand, nobody ended up broke by taking profits, however small these profits are.
As usual here is the snapshot:
Blue line is where I bought, green line is where I sold (sad face) and the big green pole (candle) is what I will remember next time before moving my stops. Result is 2% profit.
