BNX Trade Idea (4H Chart) ▶️ Entry Zone: 1.45-1.49 🛑 Stop Loss: Below 1.3538 (recent low) 🎯 Take Profit 1: 1.5600 (Previous high) 🎯 Take Profit 2: 1.7500 (Estimated higher resistance) Analysis: Price is currently above all EMAs (7, 25, 99), indicating a potential bullish trend. Recent price action shows a strong uptrend with a retest of the 1.3538 support level. RSI(14) at 62.5421 is in the overbought zone, suggesting potential for a short-term correction. MACD is positive and showing bullish divergence, indicating strengthening momentum. 24h gain of 7.78% with high volume indicates strong buying pressure. Rationale: The current market structure for BNX/USDT is bullish, with the price breaking above multiple resistance levels. A potential long entry can be considered after a clear pullback or consolidation, providing a better risk-reward opportunity. However, the overbought RSI suggests caution and potential profit-taking. Caution: The cryptocurrency market is highly volatile. Use stop-loss orders for risk management. Overbought conditions in the RSI might indicate a potential short-term correction. Traders! 🚀 If my free signals have helped you turn a profit, Support me with a small tip on Binance: 745275862. Let’s grow together! 🤝