$BNX - Long ⬆️
Target : 0.44
1. Current level: The price is in a bullish impulse, having overcome resistance at 0.4142 (Fibonacci level 0.382). This confirms the continuation of the upward trend.
2. Nearest target: According to the level highlighted on the chart, the target level is around 0.4402. This may be the next significant point for profit taking.
3. Entry into position: If you are already in position, hold it until the target is reached. If you are just planning to enter, wait for a correction to the support level (0.4142 or 0.4073) to enter with lower risks.
4. Risks: Set a stop-loss slightly below the support level (for example, 0.4073 or 0.4000) to minimize potential losses in case of a reversal.
Scenario: Continuation of movement to 0.4402 with a likely short-term pullback to the nearest supports (0.4142). Hold the position as long as the price moves upward, but watch for signs of weakness in the impulse.
