"$BNX Technical Analysis

The recent retest of the trendline on the 1D timeframe has failed, indicating a potential bearish shift in momentum. This failure is further corroborated by the inability to maintain the trendline on the 1h and 15M timeframes.

Currently, $BNX is resting on the 4h trendline support, but a breakdown of this level could lead to a swift decline towards the 0.65 region. While market manipulation can never be ruled out, the technical and psychological outlook for $BNX is decidedly bearish at present.

A short sell position with a stop loss near 1.16 could be considered, utilizing a smart stop loss strategy to account for potential stop hunting and liquidity grabs.

Key levels to watch:

- 4h trendline support

- 0.65 potential target

- 1.16 stop loss level

Remember to always manage risk and adjust positions according to market conditions."

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