Short
#BNXUSDT is weakening expecting a drop
📉 SHORT $BYBIT:BNXUSDT.P from $0.6458
🛡 Stop Loss: $0.6800
⏱ 1H Timeframe
✅ Overview:
➡️ $BYBIT:BNXUSDT.P is near resistance at $0.6853, showing signs of weakness.
➡️ A pullback is expected after failing to hold above $0.6550.
➡️ Targeting support levels at $0.6060 → $0.5642.
⚡ Plan:
✅ Bearish scenario confirmation – price needs to break $0.6550 and stay below it. If confirmed, the short position remains valid.
✅ Critical resistance level – $0.6853. If the price moves above $0.6800, the trend may shift bullish, invalidating the setup.
✅ Volume analysis shows weakening buying interest, supporting the possibility of a correction.
✅ Profit-taking zones – $0.6060 → $0.5642. If price slows down around $0.6060, a bounce is possible, so partial profit-taking is recommended.
✅ Alternative scenario – if price bounces from $0.6060, a long position with a tight stop could be considered.
📍 Take Profit targets:
🎯 TP1: $0.6060 – testing the nearest support level.
💎 TP2: $0.5642 – deeper correction zone.
🚀 $BYBIT:BNXUSDT.P is weakening — expecting a drop to $0.5642!
📢 A break below $0.6550 confirms the bearish scenario.
📢 Holding below this level strengthens the case for further decline.
📢 If price surges above $0.6800, the setup is invalidated.
🛡 Stop Loss: $0.6800
⏱ 1H Timeframe
✅ Overview:
➡️ $BYBIT:BNXUSDT.P is near resistance at $0.6853, showing signs of weakness.
➡️ A pullback is expected after failing to hold above $0.6550.
➡️ Targeting support levels at $0.6060 → $0.5642.
⚡ Plan:
✅ Bearish scenario confirmation – price needs to break $0.6550 and stay below it. If confirmed, the short position remains valid.
✅ Critical resistance level – $0.6853. If the price moves above $0.6800, the trend may shift bullish, invalidating the setup.
✅ Volume analysis shows weakening buying interest, supporting the possibility of a correction.
✅ Profit-taking zones – $0.6060 → $0.5642. If price slows down around $0.6060, a bounce is possible, so partial profit-taking is recommended.
✅ Alternative scenario – if price bounces from $0.6060, a long position with a tight stop could be considered.
📍 Take Profit targets:
🎯 TP1: $0.6060 – testing the nearest support level.
💎 TP2: $0.5642 – deeper correction zone.
🚀 $BYBIT:BNXUSDT.P is weakening — expecting a drop to $0.5642!
📢 A break below $0.6550 confirms the bearish scenario.
📢 Holding below this level strengthens the case for further decline.
📢 If price surges above $0.6800, the setup is invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥Subscribe to our Telegram channel🔥
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.