*BNXUSDT ANALYSIS UPDATE*❗
Current Trend and Price: BNXUSDT is currently trading at around $1.14, with a neutral trend in the 4-hour time frame.
Technical Analysis: The BNXUSDT pair has formed a bullish pennant pattern, indicating potential continuation of the upward trend. The price has been trading within a triangle pattern for the past year, and a breakout above the resistance level could confirm a strong bullish move.
Key Levels to Watch:
- Support Areas: $1.06, $1.00, and $0.95
- Resistance Levels: $1.20, $1.31, and $1.425
Trade Ideas:
- Long Position: Consider buying BNXUSDT around the support level, targeting the resistance level.
- Short Position: Avoid shorting due to the potential breakout and strong bullish momentum.
Remember to always do your own research and consider multiple sources before making any investment decisions.