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Bnx

BNX: After a +900% Rally, What's Next?BNX had an incredible run, skyrocketing +900% in just 19 days, completing a 5-wave Elliott Wave structure and peaking at $1.3333. Since then, the price has been in a downtrend, now approaching the critical $1.00 psychological support level. Key Support Levels The weekly open sits at $0.9387, aligning perfectly with the Point of Control (POC) from the previous trading range, making this a crucial level to watch. However, the bigger question remains—where is the next high-probability trade setup? Liquidity Below $0.8278 – There's a significant liquidity pool just below this low, making it an attractive area for potential stop hunts before a reversal. 0.5 Fibonacci Retracement ($0.7333) – Measuring the full +900% move, the 50% retracement aligns near a key support zone. Weekly Bullish Order Block ($0.7076) – A historical area of demand, adding further confluence. 1.272 Fibonacci Extension ($0.7250) – Another confirmation of a potential bounce area. Anchored VWAP from $0.1334 – Currently sitting at $0.6675, this dynamic support strengthens the buy zone. 0.618 Fibonacci Speed Fan – If the price drops towards this level by late February, it could provide additional confluence for a bounce. Potential Trade Setups Bullish Setup: If price sweeps $0.8278 liquidity and enters the $0.7333 - $0.7076 demand zone, a long opportunity with confirmation could offer a great risk-to-reward trade.
BLong
by SiDec
2
BNX Soars to New Heights: A Strong Uptrend Signals Promising FutHi everyone! BNX is on uptrend and is the perfect moment to buy with price target 1.23. Shorting this coin would be a massive mistake as smarts money plan is to sweep the shorts!! Chart looks bearish but don't fall in to their trap! If you open a long position make sure you are covered for at least 25% drop. Avoid the high leverage! Remember profit is greater that loss. We are not day traders. just profitable traders! Our job is to identify the trend. Trade safe
BLong
by ARPGLanalysis
BNX - Finding Support, Resistance and Trade SetupsAfter yesterday's push to test the $1 level, BNX got hit with some rejections. Following the swing high SFP (Swing Failure Pattern), the price is down about 10%. Let's update our analysis with some key levels that clearly outline our support and resistance zones, and then we'll dive into the trade setups. Support & Resistance Criteria Resistance Levels BNX faced rejection around the $1 mark, with the resistance zone clearly defined between $1.0137 and $1.0263 A short trade could have been initiated from this zone, with a stop loss placed just above $1.03 The Fibonacci retracement highlights key resistance levels at: 0.618 retracement at ~$0.9774, 0.786 retracement at ~$0.9952 The Point of Control (POC) of the current trading range sits around 0.786, and the daily open is at $0.9966 The pitchfork upper resistance trend line further reinforces this area Moving Averages Adding Resistance: 15-minute 200 SMA: Currently at $0.9836, aligning with the fib retracement 0.618 and adding extra resistance 1-hour 55 SMA: Currently at $0.98085, further supporting the resistance Note: These SMAs are expected to move down in price over time Support Levels Primary Support for Long Trade Opportunity: The overall short trade target remains at around $0.8, supported by multiple Fibonacci confluences: -0.6 negative Fibonacci retracement at $0.7912 Trend-based Fibonacci extension 1.272 at $0.7914 The previous key high at $0.7801 and Fibonacci extension 0.133 at $0.7924 These levels give us a strong support window between $0.8 and $0.78. If the price reaches this level by 17th February, the pitchfork's lower support trendline adds even more strength. Moving Average for Support: Daily 200 SMA: Currently at $0.7786, which confirms the support zone Note: This SMA is expected to move up as time passes, reinforcing support over time Additional Support Zone: Another key support region lies between $0.72 and $0.7075, with a key level at $0.7177 supported by a weekly bullish order block, trend-based Fibonacci extension 1.618 at $0.7075, and the anchored VWAP (yellow line) just below. Trade Setups Short Trade Setup Entry Strategy: Look for short entries between $0.981 and $1 as the price tests the resistance area. Confirm entry through order flow and rejection candles Stop Loss (SL): Place the SL just above the recent high at around $1.018 Target: Aim to reach $0.8, where our confluence of Fibonacci levels and moving averages align Risk/Reward Ratio: This setup offers an amazing risk/reward ratio of approximately 5:1! Potentially up to 9:1 with effective DCA (dollar-cost averaging) into the short trade Long Trade Setup Entry Strategy: If price drops decisively and reaches the support window between $0.8 and $0.78, consider a long trade on confirmation Stop Loss (SL): Place the SL below $0.77 Target: Aim for a profit target at $0.85 Risk/Reward Ratio: This setup offers an approximate risk/reward ratio of 2.5:1 Keep an eye on the charts, set your alarms to the key support and resistance zones, and wait for a solid signal before jumping in. Be ready to tweak your strategy as the market shifts. Happy trading!
BShort
by SiDec
6
BNX Breakdown: The Next Trade SetupBNX has recently been testing a key resistance zone around the $1 level. After hitting the 0.618 Fibonacci retracement at $1.10, the market shifted into a downtrend. Let's analyse where our next trade opportunity might arise. Market Structure & Confluence Zones $1 to $1.1: BNX encountered robust resistance between $1 and $1.1, where the 0.618 Fib retracement aligns perfectly with the fib speed fan (0.618-0.65). Additionally, the anchored VWAP taken from the high at $1.1 aligns beautifully with the $1 mark, adding another robust layer of resistance. This convergence reinforces the strength of this zone and signals potential continuation of the downtrend. Recent price action shows that BNX has repeatedly bounced off the 0.618/0.666 levels during small downward corrections. Moving Averages on the 1-Hour Chart: The 21 EMA/SMA on the 1-hour timeframe is clustering between $0.97 and $1, providing additional confirmation of the resistance and offering an ideal entry region for short trades. Primary Short Trade Setup Given the multiple confluences around the resistance zone, our main focus is a short trade with a well-defined laddering strategy: Entry Strategy (Laddering): Initiate short positions with staggered entries between $0.97 and $1.019. This dollar-cost averaging (DCA) approach allows for flexibility and optimises your entry as price tests the resistance zone. Stop Loss (SL): Place your stop loss around $1.0375, just above the Point of Control (POC) or the previous high in this range to effectively manage risk. Target: Aim for a profit target at $0.8. This target is supported by multiple technical indicators. Risk/Reward Ratio: With these levels, you are looking at an approximate risk/reward ratio of 4:1 or better, depending on your specific DCA weighting. Confirmation: As always, await confirmation through order flow analysis and the appearance of rejection candles at key levels before entering the trade.
BShort
by SiDec
3
BNX Update: Where Is BNX Heading Next?UPDATE: Price didn’t quite reach the 0.618 fib retracement level we initially eyed for a short entry, it got very close and then faced rejection off the pitchfork upper resistance trend line. This rejection triggered a sharp 13% drop down to a low of $0.8278. After a brief bounce, I'm still waiting for price to drop further toward the support zone at $0.8–$0.78. So far, the trade is unfolding as planned. In addition, price has lost the VAL and daily support level, both now acting as resistance. The daily support sits at $0.8939, with VAL just below at $0.8846. This zone has already been tested and rejected, making it a great shorting opportunity. Looking ahead, if bulls manage to push the price up to around $0.91, testing the previous low that broke and aligns with the 0.618 fib retracement of that drop, we’d have an ideal low-risk, high-reward short opportunity. Short Trade Ladder Strategy: Entry Range: Create a laddered short entry from the VAL at $0.8846 up to the 0.618 fib retracement at $0.9126 Stop Loss (SL): Place SL above the daily Open Target: Aim for a target in the support zone at $0.8–$0.78 Risk/Reward Ratio: This setup offers a risk/reward ratio of around 3:1 Stay tuned for confirmation signals as the price approaches these levels, and be ready to adjust if the market dynamics shift. Till next time! Happy trading and stay sharp =)
BShort
by SiDec
1
Riding the BNX Wave: Next Trade SetupsSince BNX surged an astounding +381% in just 3.5 days, it has rapidly reached a key high. However, the dramatic move on low volume has left the market in a tight range, raising questions about a potential correction. Let’s break down the current market structure and explore the key support and resistance levels, followed by specific trade setups. Looking Back: Market Structure & Trends BNX’s meteoric rise over a short period has captured attention, but such rapid gains often invite consolidation or a pullback. After hitting the key high, the price was tested and subsequently rejected, particularly on low volume. This rejection signals that the bullish drive may be exhausting, setting the stage for a possible downward correction. Since then, BNX has been trading in a narrow range, reflecting market indecision as traders await further direction. Key Support Zones & Confluences Primary Support Zone – Around $0.6: Moving Averages Confluence: The 21-period EMA and SMA on the 4-hour, weekly, and monthly charts are clustered between approximately $0.585 and $0.553. This convergence creates a robust support area where price is likely to find stability. Lower Timeframe Trend Insight: My beta indicator on the 15-minute chart, which marks the edge of the bullish trend, further reinforces this support level. Fibonacci Confluence: The 0.382 Fibonacci retracement sits at around $0.5426, lending additional support. The Fibonacci Speed Fan (0.5 level) aligns near $0.56, complementing the overall support picture. This confluence of technical factors makes the $0.6 zone a crucial area to monitor, as it represents a potential floor should the market trend lower. Resistance Levels & Confluences Key Resistance – The Recent High: Rapid Price Surge & Rejection: BNX’s swift ascent culminated in a key high that was subsequently tested and rejected. The rejection, especially on low volume, indicates that the upward momentum may be losing steam. Fibonacci Resistance: Notably, the price has also encountered the 0.382 Fibonacci retracement at $0.75, which acts as an additional layer of resistance. Psychological Resistance: The key high now serves as a significant resistance level, acting as a barrier that the price must overcome to resume its bullish trend. Potential Trade Setups Short Trade Setup Given the rejection at the key high and the low-volume consolidation, a breakdown from this level is anticipated. This scenario makes a short position attractive, as a failed test of the high could trigger further downward movement. Entry & Stop Loss (SL): Entry: Initiate a short position at the key high, followed by a rejection. Stop Loss: Place your stop loss just above the key high to mitigate risk. Target & Risk/Reward: Target: Aim for the primary support zone around $0.6, where multiple indicators converge. Risk-Reward Ratio: The setup targets a favourable risk/reward ratio of 3:1 or better, making it an appealing opportunity for traders. Long Trade Setup Despite the clear support confluence around the $0.6 area, entering a long position at this stage carries a less compelling risk/reward profile compared to the short trade. Entry & Stop Loss (SL): Entry: Consider a long entry if the price shows strength and decisively holds above the support zone. Stop Loss: Position the stop loss just below the support area to accommodate minor fluctuations. Target & Risk/Reward: Target: The target for a long setup would be the previous swing low. Risk-Reward Ratio: This trade offers a ratio in the range of 1:1 to 2.5:1, which is alright compared to the short setup.
BShort
by SiDec
8
#BNX (SPOT) IN (.46- .56) T. (1.47) SL(0.4574)BINANCE:BNXUSDT ( GAMING) Entry (.46- .56) SL 1D close below 0.4574 T1 .67 T2 .95 T3 1.09 T4 1.30 T5 1.47 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX
BLong
by Crypto_alphabit
6
Will BNX Bounce Back or Break Down? Key Levels to Watch NowYello, Paradisers! Is #BNX about to stage a powerful bullish reversal, or could we see another leg down? Let's dive into the current setup of #BinaryX: 💎#BNXUSDT is flashing some promising signs of a potential reversal following a crucial retest of a major support zone. The recent price action saw #BNXUSDT lose steam after encountering a strong rejection at the key resistance of $1.71, where a double-top pattern emerged. Now, the focus shifts to a pivotal support zone between $0.596 and $0.691. 💎If the price holds above $0.596 - $0.691 and rebounds, it could gather the necessary momentum to retest the minor resistance at $0.855. A break above this level would signal a return to a bullish structure, opening the door for higher targets and a potential trend shift. 💎However, if #BNX fails to rebound within this zone, a breakdown could trigger a continuation of the downtrend, with the next stop potentially being the demand area at $0.435. 💎Historically, the $0.435 level has provided solid support, making it a key area to watch for a potential rebound opportunity. But for $BNX to regain its upward momentum, reclaiming the $0.855 resistance is essential. If the price fails to do so—or, even worse, breaks down below the $0.435 demand zone—it would confirm a bearish trend, indicating further downside risks. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
BLong
by MyCryptoParadise_Simon
BNXUSDT.4HIn my analysis today, I’m examining the 4-hour chart of BNX against USDT on the Binance exchange. The price of BNX is currently around $1.2377, showing slight volatility within a constrained range. Key Resistance and Support Levels: The resistance levels are set at R1 ($1.0502) and R2 at a higher point not visible on this chart, suggesting that it’s significantly above the current trading range. The support levels are crucial to observe here: S1 at $0.5461 and S2 at a lower level not indicated, hinting that the price has a substantial downside risk in the case of a breakdown. Technical Indicators Analysis: • MACD: The MACD line is below the signal line and close to zero, indicating mild bearish momentum. The histogram is also negative, which supports this bearish outlook. • RSI: The Relative Strength Index is around 46.70, indicating neither overbought nor oversold conditions. This positions the market in a neutral state but leaning slightly towards bearishness given its position below the 50 midpoint. Analysis: The BNX market is currently exhibiting signs of consolidation, with a slight bias toward the downside, as indicated by the MACD. The proximity of the price to the first resistance level R1 suggests that BNX is trying to establish a new support level above previous lows, potentially signaling a shift in market sentiment if it can sustain these levels. Conclusion and Trading Strategy: Considering the market indicators and the price action near R1, my strategy would be to watch for a potential breakout above R1. Should BNX sustain a move above this level, it could indicate a bullish reversal, making it an opportune moment to consider a long position with a target near R2. Conversely, if the price fails to hold above R1 and starts moving towards S1, it might be wise to consider a short position, anticipating further declines. It’s crucial to use stop-loss orders effectively, placing them just below the breakout level in the case of a long position, or just above R1 for a short position, to manage potential risks efficiently. This careful monitoring and conditional strategy will help capitalize on the market’s direction once it establishes a clearer trend.
B
by MarsSignals
BNX price movement projection / (Pay attention to the details)BINANCE:BNXUSDT GATEIO:BNXUSDT Hello Traders Until end of this week, BNX can give us two possible good positions in two sides. Short movement: Price needs to retest lower supports to gain the stability for an upward pullback to near 1.65. So with a SL near the nearest important resistance in 1.4968, you can open a short position with a near target of 1.28-1.18 and a far optimistic target near 1.05 Long movement: After price stabilized and gain volume between 1.1618 - 1.3474, only if nothing outside the box (Like start of a war😟 or anything else)happens to the market, BNX can retest resistance near 1.48-1.5 and after that start a movement to near 1.65 level. The timing for the positions on the chart are not precise. Pay attention to VRVP closely.
B
by CrazyS