BNB has only ever closed under $1 on three occassions before today, back in September, it then reached a high of $1.60 the next trading day.
So it reaching $1.50 soon is very possible.
A few weeks back the strategy was to buy at close to $1 and sell at approx $1.60.
I bought a parcel as well, hopefully the SP dropping down to this level is purely due to over reaction.
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- in at 0.75 and out at 1.50
BNB
babcock & brown limited
in at 0.75 and out at 1.50, page-6
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