BNX/USDT LONG/BUY 💚 ENTRY- CMP TP- take profits when happy | Legend-Wurld on Binance Square

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Bullish

BNX/USDT
LONG/BUY 💚 
ENTRY- CMP
TP- take profits when happy 
SL- 1.3690
Leverage and risk management applied
$BNX 

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we are all expecting that big #dog to drop fasten your seatbelts, it will be a blast more than #NOT🔥🔥🔥

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Trade Recommendation For $BNB USDT Short Positions: ➡️Entry Point: If the price breaks below $593.1 with strong volume, consider entering a short position. ℹ️Stop Loss: Place a stop loss just above the recent high of around $603.6 to manage risk. ℹ️Take Profit: Set initial take profit targets at psychological levels like $590 and $585. Long Positions: ➡️Entry Point: Consider entering a long position if the price shows a strong reversal and moves above the MA(7) around $595.6 with significant buying volume. ℹ️Stop Loss: Place a stop loss just below the recent low at $593.1. ℹ️Take Profit: Set initial take profit targets at $598 (MA(25)) and $600 (MA(99)).

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Brief explanation on how BULLRUN works and what will become of it Firstly🫵🏽.. Bull run in crypto refers to a significant and sustained price increase in cryptocurrencies, particularly Bitcoin, over a prolonged period. It's a market trend where investor sentiment is overwhelmingly positive, leading to a surge in demand and prices. Characteristics of a crypto bull run: 1. Rapid price appreciation: Prices rise rapidly, often exceeding 100% or more in a short time frame. 2. Increased adoption: More people become interested in cryptocurrencies, driving up demand and prices. 3. Media attention: Mainstream media coverage increases, drawing in new investors and fueling the rally. 4. Market enthusiasm: Investor sentiment is highly optimistic, with many expecting prices to continue rising. 5. Increased trading volume: Trading activity surges, with high volumes of cryptocurrencies being bought and sold. 6. New market highs: Prices reach new all-time highs, attracting even more investors and fueling further growth. Some notable crypto bull runs include: 1. 2017: Bitcoin rose from around $1,000 to nearly $20,000. 2. 2020-2021: Bitcoin surged from around $10,000 to an all-time high of over $69,000. Keep in mind that bull runs are often followed by corrections or bear markets, where prices decline. It's essential to be cautious and do your own research before investing in cryptocurrencies. #BullRunAhead #bullrun2024📈📈 #Bitcoin❗

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BNX/USDT 👀. BULL 🐂 or BEAR 🐻 ✍🏽 We’re witnessing some intriguing patterns in the BNX/USDT pair that could present profitable opportunities for both long and short positions in the coming hours. Here’s what the technicals are telling us: Current Price: 1.3794 USDT 24h Change: +20.79% 🕵️‍♂️ Technical Analysis Overview: 1. RSI (6): At 57.7846, the RSI is hovering near neutral, indicating that neither the bulls nor the bears have taken control yet. This balance could lead to a breakout in either direction. 2. Moving Averages: MA (5): 116,429,991.5 MA (10): 77,693,256.3 🔍 Candlestick Insights: The recent candlesticks show strong bullish momentum, with the price testing higher resistance levels. However, the overextension also hints at potential pullback zones. 📈 Long Signal: If the price breaks above the recent high of 1.4252 USDT with strong volume, it could signal a continuation of the bullish trend. Consider entering a LONG position targeting: Target 1: 1.50 USDT Target 2: 1.60 USDT Stop-Loss: Set a tight stop-loss at 1.35 USDT to manage risk. 📉 Short Signal: If the price fails to sustain above 1.4252 USDT and shows signs of reversal, a bearish pullback might be imminent. Enter a SHORT position if the price falls below 1.35 USDT: Target 1: 1.30 USDT Target 2: 1.20 USDT Stop-Loss: Place a stop-loss at 1.40 USDT to limit potential losses. 📊 Conclusion: Stay alert and watch the price action closely. The BNX/USDT pair is poised for significant moves, and both long and short strategies could yield excellent returns. Trade wisely and always manage your risk. Happy trading! 🚀. *Web3LEGEND 🫵🏽😎 $BNX

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