#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
BNXUSDT
#BNX/USDT Ready to go higher#BNX
The price is moving in a descending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.4580
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.6550
First target 0.7600
Second target 0.8776
Third target 1.03
BNXUSDTPI am considering this long term BNX play, based on the hypothesis that CPI data tomorrow, will influence price volatility and a visit to 18100 - 17800 lows. With that happening, I expect 12hr fair value gap below to get filled, for a ride much further than range high.
This is a swing trade, and the move is not expected to happen in one fell swoop, as it would highly be dependent on price volatility and liquidity interest from bulls and bears.
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🌴
BNX ANALYSIS (12H)From where we placed the green arrow on the chart, it looks like a bullish BNX pattern has started.
So far, this pattern looks like a diamond diametric.
Now we seem to be in the last wave (wave G) of this pattern.
We have specified the resistance and support range on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNXUSDT(BinaryX) Updated till 07-09-24BNXUSDT(BinaryX) Daily timeframe range. even on red day when many alts going to its low or creating new low its holding like a beast. PA is outperforming many things at once. breaking 1.6644 clean will push to price discovery and new high. local support at 1.1891.
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.
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.
Short position on BNXUSDT 49Min/ Trading setupBINANCE:BNXUSDT
BITGET:BNXUSDT
Mid-risk status: 4x-5x Leverage
Low-risk status: 2x-3x Leverage
⚡️TP:
1.3436
1.3333
1.3183
1.3050
1.2930
1.2820
1.2760
1.2580
1.25(In Optimistic Scenario)
➡️SL:
1.4235
1.4589
The Alternate scenario:
If the price stabilize above the trigger zone, and stabilize above resistance line, the setup will be cancelled.
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
BNXUSDT(BinaryX) Daily tf Range Updated till 14-07-24BNXUSDT(BinaryX) Daily timeframe range. despite market condition till now its been a absolute tank. there are alts creating new low and way down but its holding real strong. now 1.2616 been a struggle but a valid close above it will open a way till 1.6553.
BNX looks bearish (UPDATE)BNX seems to have ended its bullish waves and is now entering a correction.
Now that it has filled the Liquidity Void it can drop. From the specified supply, it can drop towards the targets on the chart.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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
BNX analysisNote: The volatility of this coin is high and its volume is small, be careful.
From where we put the red arrow on the chart, it looks like the BNX correction has started.
It seems to be a diametric correction.
It can move down from the red box.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNXUSDT Breakout Alert! Is a Bullish Surge on the Horizon?Yello, Paradisers! Did you spot the recent breakout from the falling wedge pattern on BNXUSDT? This breakout signals a potential bullish momentum ahead. Let's dive into the details.
💎The price is likely to retest the support zone around the 1.096 area before continuing its upward movement. This level is crucial as it often acts as a springboard for further gains.
💎If BNX fails to bounce at the support zone and breaks below, it will likely find support at the Bullish Order Block (OB) area. The OB usually contains large buy orders, which can help the price rebound.
💎For the bullish momentum to continue, BNX needs to reclaim the support zone around 1.96. This is essential for hitting our target. A break below the support trendline would be a bad sign for bulls. If the price breaks the Choch area, it would confirm a trend reversal to bearish, invalidating the bullish scenario.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴