$BNX Long Liquidation Update

A massive $51,000 long position just got wiped out at $0.530. This signals intense market pressure and could trigger big moves ahead.

What Happened?

This liquidation shows that bulls were caught off guard by sharp price action, leading to forced selling. Such events often increase short-term volatility and create opportunities for both buyers and sellers.

What’s Next for $BNX ?

Bearish Outlook: If the price drops further, we might see a test of the critical support zone near $0.500. Weak momentum could bring even more liquidations.

Bullish Recovery: If buyers regain control, a bounce above $0.540 could signal the start of a recovery phase. Watch for strong volume on any upward move.

Suggested Approach:

For Aggressive Traders: Consider buying near $0.500 if strong support is confirmed, but use tight stop-loss orders to manage risks.

For Conservative Traders: Wait for the market to stabilize above $0.540 before entering, ensuring a clearer trend direction.

Stay sharp—$BNX is at a pivotal moment, and the next move could be game-changing!

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