#BNX, which has been strong for a long time, also fell sharply today. This is the first time that it has fallen so sharply in 144 days since I first bought it near 0.298. I am ready to place an order on the left side to receive a wave of spot.
1. The position for placing an order on the left side to receive spot is around 0.6-0.63. It is the first time to open a position, and there is a possibility of replenishment later.
2. This position is at the daily MA200, which is a position I often use to receive chips. Although it is not the "bottom" that some people think, it has reached my expected position, and the possibility of further decline is not ruled out. However, if the decline is expected, there is no fear of decline.
3. There is continuous support from the weekly MA30 and the monthly MA7 near 0.6-0.63, so the support situation at this position is relatively good when the price falls.
4. Combined with the current market environment, the possibility of continued decline is not ruled out, and if it falls again, I will choose to replenish the position.
5. Although BNX has been eye-catching in the past three months, this decline does not rule out the possibility of a long-term volatile decline, so I will put the holding period in the medium term rather than the short term (basically holding from the month).
6. In the performance of the token for 144 days, it is obvious that there are few external floating chips, which should be caused by a lot of locked positions. The current decline may be the selling pressure after the lock-up is released.
7. Observe the trading depth of BNX. There are 880,000 orders around 0.6, and 1.3 million orders at 0.5, which belongs to the concentrated order concentration area. Under the non-large negative market conditions, 0.6-0.63 is basically a point for initial position building.
8. The above content is only for trading sharing, not advertising, not shouting orders, just personal ideas, don't spray if you don't like it,
9. I am not a shouting order blogger, and I don't want to brag about anything, so if you buy it, I will not accept rights protection.
10. If the first position on the left is successfully established, it will be used as an initial point. The content will be updated in detail according to the changes, and the profit and loss will be displayed.
