Long
BNX | The queen of the bear index.
While it may not seem logical, this coin always turns out to be a harbinger of doom for the entire market.
When BNX rises, the most appropriate decision is to temporarily exit the market until the beginning of its correction.
From a technical standpoint, we have a nice upward channel after a catastrophic drop that occurred in May 2023. We might also have an ascending triangle. With good risk management, taking a long position here could be a good decision, with an exit in case of a complete close below the channel or touching the stop-loss.
Targets on the chart
TP1 : 0.39
TP2 : 0.50
Setup Target : 0.616
When BNX rises, the most appropriate decision is to temporarily exit the market until the beginning of its correction.
From a technical standpoint, we have a nice upward channel after a catastrophic drop that occurred in May 2023. We might also have an ascending triangle. With good risk management, taking a long position here could be a good decision, with an exit in case of a complete close below the channel or touching the stop-loss.
Targets on the chart
TP1 : 0.39
TP2 : 0.50
Setup Target : 0.616
Trade active
BNX will go bigTrade closed: target reached
Trade closed: target reached
Let's hope it goes down
Trade closed: target reached
we need this piece of shit to go down.
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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.
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.