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Good Morning Traders,
Today, September 07, Lift-Off offers a SHORT trading signal on the altcoin BNB, a signal that was formed on the September 6 candle.
The Binance token closed the day Tuesday marking a -5.2O% at USDT 262.50.
BNB Currently ranks 5th in the capitalization classic
Below chart of BNB with the signal detected by Lift-Off
Backtest of lift-off, 83% of the signals provided, produced a positive close within 10 days of the signal
Two words about the BNB project:
"BNB was launched through an 'initial coin offering in 2017, 11 days before the cryptocurrency exchange Binance came online.
It was originally released as an ERC-20 token running on the Ethereum network, with a maximum limit of 200 million coins and 100 million BNB offered in the ICO (initial coin offering). However, ERC-20 BNB coins were exchanged for BEP2 BNB at a 1:1 ratio in April 2019 with the launch of the mainnet Binance Chain, and are now no longer present on Ethereum.
BNB can be used as a payment method, a utility token to pay commissions on the Binance exchange, and for participation in token sales as the initial launch of Binance. BNB also powers the Binance DEX (decentralized exchange)."
Signal board of September 07, 2022
SHORT - BNBUSDT
Input price: $266.80
Stop Loss: $307
Take profit 1: $183.50