One-hour chart sequel BNXDue to the hammer pile and confirmation pile as well as volume decline and negative divergence I expect a 10% decline in the part
BNXUSDT.P trade ideas
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 Bullish, Your trading plan. BNX Looking Bullish in 1 Hrs pattern as this is making HH and HL, but as per the FIBO retracement Entry to be taken at 1.0651 to play on the safer side.
BNXUSDT.PBNXUSDT.P is in bullish trend.
Potentially printing HH and HL .
Bullish divergence also form in RSI.
No sign of reversal here.
We wait and watch for the breakout of last HH.
LONG #BNXUSDT impulse breakdownThe coin formed a clear local resistance level with several confirmatory touches, behind which the stops of the participants' shorts accumulated. There is also a trend in the form of a triangle, pushing the price to the level with the help of limit buyers with a local increase in volumes.
I will wait for consolidation along the level and, with increased activity in the glass, an impulse breakdown.
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
A Reversal Setup for BNXUSDTFollowing large selling pressure during the beginning of the trading session, we see a volume spike at the bottom of the range and indication of a trend reversal into key moving averages which I will be using as profit targets.
The volume spike is a key indication of the end of a trend, it provides confirmation that the short-sellers are either covering in this zone (buying pressure) or that a whale has just entered into their long term position (buying pressure.)
Using fibonacci and S/R, we can map out a clear profit target back towards $1 - I'm choosing 0.89 conservatively.
Risk = 5%, reward = 27%
Ratio = 5/1
These are the exact setups that provide high Reward for risk and clear confirmation from the volume spikes. Backtested results show 70-75% success.
Expectancy = 3.75
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🌴
BNXUSDTHM signal v5.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 1.1743-1.1839
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
BNXUSDT(BinaryX) Daily tf Range Updated till 26-06-24BNXUSDT(BinaryX) Daily timeframe range. its doing pretty well compare to many other alt's right now. very close to a 1.2685 mid-high resistance. clearing it out clean will open its way till 1.5842. local support is at 0.9215.
BNX/USDT Longdivide the volume of the allocated deposit into three parts
Limit buy zone
0.618 - 30 %
0.786 - 30 %
1 - 30 %
-------------------------------------------------
Take profit zone
0 - 30 %
-0.18 , -0.27 - 30 %
-0.618 - 30 %
5% on bnxusdt shortAs per the last idea,bnx goes down from the order block,(5.3%). Securing partials and moving to break even
NFA
BNX/USDTdivide the volume of the allocated deposit into three parts
Limit buy zone
0.618 - 30 %
0.786 - 30 %
1 - 30 %
-------------------------------------------------
Take profit zone
0 - 30 %
-0.18 , -0.27 - 30 %
-0.618 - 30 %
BNX New UpdateBNX is printing some bullish candles ,broke the EMA on this time frame.. free as a bird
Also this pullback we see at the moment can soon be over...
Smaller time frames speak for themself ,pretty bullish nevertheless BNX tokenomics etc
#BTCUSDT OUTFLOW
BINANCE:BTCUSDT Over 37,000 BTC💰 have been withdrawn from #crypto exchanges in the past 72 hours, worth around $2.53 billion!
BNX/USDT📈SIGNAL
COIN : BINANCE:BNXUSDT
CEX. : #BINANCE - SPOT
➖
ENTRY : 0.2889
➖
TARGETS :
T1 : 0.3057
T2 : 0.3316
T3 : 0.3581
T4 : 0.4009
➖
STOP : 0.2721
➖
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
• And Don't forget risk management.
➖
💡For investors:
1- Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities.
2- Sell (25% to 50%) on (T1) and don't move your stop-loss.
3- Sell 50% on (T2) and move your stop loss to the entry point.
4- You are safe now, and the next 25% is up to you.
5- Stop is activated. When one candle closes below the stop level of the same time frame of the signal.
➖
💡For intraday scalping:
1- Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities.
2- You can close the trade at the first target.
3- Stop loss is direct without waiting for the candle to close.
➖
💡Reason for this trade:
BINANCE:BNXUSDT gives my trading system a sign of strength:
1. My trading system is based on liquidity and reversal zones.
2. When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
➖
• the first side that has been swept:
A- Previous monthly low
B- failure swing point
C- volume profile Value Area Deviation
➖
• Opposite side targets:
A- Previous monthly high
B- Rejection block
C- Previous quarterly high
D- liqudity void
➖
💡Entry setup
A- reclaim volume profile POC
BNXUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
