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BNXUSD

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🌴
Long
by MyCryptoParadise_Simon
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.
by CrazyS
BNX ANALYSIS (1D)According to the structure that we see for the waves on BNX, a triangle and diametric can be seen that we are now inside the diametric. We seem to be at the end of wave E of this diametric. In the red box, the E wave can end and the price enters the F wave, which is a bear wave. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
BNX short setupThe structure of BNX is bearish. After the heavy drop, if BNX pullback to the supply range on the chart, you can look for sell/short positions in this range. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Short
by iMoneyTeam
BNX looks bullish but be carefulWe have had a bullish CH in daily time, which gives traders a bullish view. To form this bullish CH, many sell orders had to be consumed, so after the CH we expect a pullback to the support areas to collect buy orders. If the price returns to the specified support area, Maytown will enter a buy/long position with confirmation and trigger. In fact, it looks like BNX is forming a bullish QM. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
BNXUSD Hit the Resistance Top. See where to buy next!BinaryX (BNXUSD) is one of the hottest top 100 cap this week and it hit the 181.500 level, which was the High of October 27 2022. Technically we have identified a High Volatility Zone where BNX traded sideways for 2.5 months before the FTX crash. As you see, the rise since the FTX bottom matches almost perfectly the rise from January 24 2022 to April 01 2022 (so far). On that fractal, it was when the price closed a 1D candle below the 4H MA100 (red trend-line) that started a Channel Up, where all 1D MA50 (blue trend-line) hits have been buy opportunities. You know the pattern if those parameters are fulfilled act accordingly and buy the dip. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNXUSD
by TradingShot
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