$BNX

🚀BNX/USDT Analysis: Key Levels and Trading Opportunities🔥

BNX is showing bearish momentum, currently trading at $0.4088 after a sharp sell-off. The price faces critical support at $0.4000, aligning with the 24-hour low. A break below this level could trigger a deeper decline toward $0.3800.

However, if buyers step in and defend this support, we could see a bounce back toward $0.4200, with a stronger resistance zone near $0.4450. A confirmed reversal will require bullish signals like hammer candles or increasing buy volumes.

Trading Strategy:

Short Entry: Below $0.4000, targeting $0.3800.

Long Entry: On a bounce from $0.4000 support, targeting $0.4200 - $0.4450.

Always use tight stop-losses to protect positions—below $0.3980 for long trades and above $0.4100 for shorts. Watch volume closely; it will reveal whether bulls can counter the sellers.

BNX is at a decision point: Will sellers break support, or will bulls take back control? Keep your eyes on $0.4000—it’s the level to watch!

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