BNX LONG setupAnother long setup, this is a good opportunity to long this asset since it has dropped, you can buy from a discounted price.
BNXUSDT.P trade ideas
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
BNX look good to go up - Till now 1 WIN 1 LOSS september BNX look good to go up - Till now 1 WIN 1 LOSS september
entry 1.62
SL 1.55
TP 1:1
BNXUSDT → Liquidation on bullish trend before rising...BINANCE:BNXUSDT continues to correct and is heading towards global bullish trend support.Against the overall backdrop, the coin looks promising as one of the few continues to hold an uptrend....
Locally, BNX is testing the key liquidity area, a rebound to 1.300 may follow, but depending on the situation, there are various patterns indicating selling pressure on the market, such as: local lows, sma cross, closing bars at daily lows.... But, confidence is given by the overall trend. It is worth paying attention to the support 1.061 - 1.22, in this zone the struggle between the market participants is formed. The bulls may finally win if they are able to consolidate above 1.2000, but before that a long-squeeze or a scramble for support is possible.
Resistance levels: 1.2000, 1.31, 1.425
Support levels: 1.14, 1.06, 0.95
Technically, the trend boundary and liquidity area has not been tested yet. There are no strong bullish signals and MM may form a trap (false growth, liquidation (sell-off) and false breakdown followed by growth). Emphasis on these key zones...
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT ;)
Regards R. Linda!
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 Bullish IdeaBNXUSDT is down from a long I suppose it could be an probable low that can have high impact.
TOP Looser No 1 in Last 4Hours and in last 1hour.
chop chop bnxshort bias on perps
coz
pa at range extreme. ping pong back to boxes
small allocation before trendline break or lose 1/3 tranche
BNX → The coin is stronger than the market. Bullish trendBINANCE:BNXUSDT looks quite strong relative to the entire cryptocurrency market, maintaining an already strong bullish trend. The price is forming a range and it is worth paying attention to its boundaries...
The situation is complicated by panic, bitcoin is unstable and thus creates unnecessary volatility in the whole market. The ideal outcome would be to stop the market and reduce volatility or consolidate so that action can be taken. But in fact BNX looks stronger than the market and this is worth taking into consideration.
The focus is on the strong 1.4252 - 1.2800 range. Because of the challenging technical environment, two scenarios are worth considering (but I like the resistance breakout the best)
If the bulls hold 1.2800 and start gradually approaching 1.4252, we should expect a breakout with further upside to 1.75 range resistance or even higher in the long term.
Support levels: 1.28, 1.1618
Resistance levels: 1.4252, 1.5161
However, if the bulls fail to hold 1.28 and the price breaks the support on the background of high market volatility, it may test 1.1618 - 1.0399 once again before further growth, as the uptrend is still in place
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT.P ;)
Regards R. Linda!
BNXUSDT.PBNXUSDT.P is in bearish trend.
Potentially printing LH and LL>
Bearish divergence also shown in RSI.
Sellers are strongly active.
We wait and watch for the breakout of last LL.
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.
BNXUSDTWe can attempt to buy BNXUSDT from specified level if it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
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.
LONG POSITION BNXUSDTIn case of market correction, we can enter the long position at the specified entry points.
It is clear that risk management is followed.
Hımm 2 I just realized that in 4h chart 50&200 days averages are so far to each other yet. So I change my bet to sell. Not investing recommendation. Gl
hımmmWe are in the middle of reggression channel which is a strong resistance and support. When i look indicators we have might have more spaces for bottom. and finnaly this level is not comfortable for new entrance.
BNX Down and Out, Whats the next
BNX is in the bearish trend.
It has been making HH and HL.
But It has divergence at the Bottom which is bullish sign.
Still i anticipate it bearish as it has form the bearish flag pattern
I anticipate to have Stop short position Intact.
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.PBNXUSDT.P is in ranging phase.
Trend is now moving side ways.
bearish divergence also shown in RSI.
We wait and watch for the break of lower side.
