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BNX / TetherUS PERPETUAL CONTRACT

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BNXUSDT.P trade ideas

BNX/USDT: Shorting on Double Top Formation with Immediate EntryBNX/USDT has formed a distinct double top pattern, a classic bearish reversal signal. Acting on this setup immediately, we’re shorting with a target reflecting a 1:3 risk/reward ratio. The double top suggests exhaustion of the uptrend and a potential shift to downward momentum. Entry is taken at the current market price, anticipating a move towards the next support level. Monitor closely as the pattern unfolds and adjust stops accordingly to manage risk.
Short
by IamForexTrader_com
Long Trade Position BNXUSDTTest your analytical skills in the tradingview simulator with virtual money to become a professional. In spot trading, I will specify the entry points, loss limit and profit limit for you! The conditions for entering the trade and our strategy are as follows, when you notice that the market trend is increasing and at least two green candles close above the entry point in fifteen minutes, you can enter the trade from the beginning of the third green candle. Be patient and don't rush to enter! After the price reaches the first target, move your stop loss below the first profit limit so that if the price reverses, your trade will be closed with profit. Repeat the above strategy to continue the price targets shown on the chart. If the price reaches or falls below our loss limit before the above condition, entering this transaction is invalid because it must be re-analyzed and the new entry, loss and profit limits must be determined. Note that the market trend is formed with clever tricks by the market maker, so even the most powerful analyzes may be invalidated. The only thing we can do is to surf the waves and stick to our strategy so that while taking care of our capital, Let's make a profit. These exercises will make you experience profit and loss with virtual money in the real market and improve your analysis and personal strategy. Know your fear and greed and gradually control them so that your business becomes profitable and you suffer less loss.
Long
by imhashemi
BNXUSDT → Stronger than BTC? How will this affect growth? BINANCE:BNXUSDT is forming an interesting pattern. A symmetrical triangle is formed on the chart and after shaking from below the price strengthens and breaks the resistance, which in general prepares the coin for further growth. Technically, BNX is feeling better than BTC and looks strong enough to continue growing. The price is breaking through the resistance of the 0.6200 range and is consolidating above this line on the low timeframes, while the cryptovalent market is in correction, following bitcoin, which is updating local lows. If the bulls in BNX keep the price above the previously broken triangle and above the 0.6200 level, it will cause further gains towards 0.74 and 1.0 Resistance levels: 0.6200 Support levels: triangle resistance, 0.5663 Technically, the coin has the potential for further growth. We are waiting for consistent actions from the bulls with the purpose of realization BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
11
BNX/USDT Keep an eye on the demand or support, Indicating Bounce💎 BNX has recently experienced notable market dynamics, particularly as it faces significant resistance in its current price range. The rejection from this resistance suggests a potential retracement to the demand area around 0.424. 💎 If BNX demonstrates bullish signs at this demand level, such as a rejection of lower prices with bullish candle formations, there's a probability of a bounce back upward toward retesting the strong resistance area. 💎 However, if the demand area fails to provide sufficient support and instead shows signs of consolidation with weak volume, it could indicate weakness in BNX's price action. In such a scenario, there's a risk of BNX breaking down below the demand area and continuing its downward movement towards the support zone around 0.34 - 0.3. 💎 At the support level, it's crucial for BNX to bounce back and reclaim its position above the support area to maintain its upward movement. However, if the demand area fails to hold and support is broken, it would signal bearish sentiment for BNX, potentially leading to further price declines.
by MyCryptoParadise
Are you Ready For BNXUSDTIts movement will be similar to JASMY coin just watch #BNXUSDT warning: This analysis provided to you should not be considered as investment advice under any circumstances. You should always make investment decisions based on your own research and consult with a professional financial advisor if necessary. Financial markets can be volatile and carry financial risks, and I cannot guarantee the accuracy or validity of any forecasts or analyses provided. Your investments are your personal responsibility, and you should assess risks yourself before making any decisions.
Long
by Semmou
BNX/USDT Break Alert!! Indicating Bullish Momentum for BNX.💎 BNX has recently shown significant market dynamics, breaking out of a local resistance area, indicating bullish momentum. 💎 However, the price must undergo a retesting phase at the support level, which previously acted as resistance, before continuing its upward movement towards the target area. 💎 Should BNX fail to bounce during the retesting phase at the support level, there's a possibility of a breakdown below this support. Such an outcome would signal a false breakout, leading to a reversal of the bullish movement and a shift toward downward momentum, potentially targeting the demand area as the next stop. 💎 At the demand area, a bounce is necessary to reclaim the price above the support level and sustain the upward momentum towards reaching the target. However, if this scenario fails to materialize, the price may continue its downward movement, targeting the key support area or even lower levels.
by MyCryptoParadise
1
BNX is continuing to go up after the breakoutBNX is continuing to go up after the breakout. the trend is most likely to continue. 🔵Entry Zone 0.2874 - 0.2924 🔴SL 0.2756 🟢TP1 0.3074 🟢TP2 0.3500 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie