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BNXBTC

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
BNXBTC.1DThe trading chart of the BNX/BTC pair from Binance provides an interesting analysis of recent price movements and potential future scenarios based on support and resistance levels. Looking at the chart, the BNX/BTC pair has been showing some volatility with a notable downward trend since its peak around the 0.00002229 BTC mark. Currently, the pair is trading near 0.00001953 BTC, under the significant resistance level (R1) at 0.00002246 BTC. The chart indicates several key support (S1, S2, S3) and resistance (R1, R2) levels. The immediate support level (S1) is at 0.00001401 BTC, which the pair tested recently and rebounded from, indicating a strong buying interest at this price point. Should this support fail in future trading sessions, the next levels to watch would be S2 at 0.00001072 BTC and S3 at an even lower threshold. On the resistance side, overcoming R1 would open the way for a test of R2 at 0.00002818 BTC. This would require significant bullish momentum, possibly driven by broader market recoveries or specific positive developments related to BNX. From a technical perspective, traders should keep a close watch on the resistance and support levels. If the price consolidates above the current resistance at R1, it might signal a potential bullish reversal. Conversely, a break below the current support at S1 could indicate further declines, with the possibility of reaching lower support levels. Conclusion: For those holding BNX or considering entering a position, it's crucial to monitor these levels and market sentiments closely. Setting stop-loss orders near the support levels could mitigate potential losses in case of further downtrends. Similarly, should the market sentiment improve, taking advantage of the momentum shifts at resistance breakthroughs could be profitable. As always, stay updated with market news and broader economic indicators, which can significantly impact crypto market movements.
Long
by MarsSignals
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
#BNX/BTC 1D (Binance) Falling wedge breakoutBinary X is about to regain 50MA and seems ready to leg up towards 100EMA resistance. ⚡️⚡️ #BNX/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 4.9% Current Price: 0.00000856 Entry Targets: 1) 0.00000853 Take-Profit Targets: 1) 0.00001290 Stop Targets: 1) 0.00000678 Published By: @Zblaba $BNX #BNXBTC #BinaryX #BSC #P2E Risk/Reward= 1:2.5 Expected Profit= +51.2% Possible Loss= -20.5% Estimated Gaintime= 1 month www.binaryx.pro
Long
by TradingOn