🚀 BNX/USDT Trade Plan & Market Analysis – Is the Uptrend Sustainable? 🔥
BNX is currently trading at $0.9284, down 1.22%, but still maintaining its recent uptrend. After hitting a high of $1.10, a slight pullback has occurred. Let's break down the trade setup!
---
📊 Technical Analysis:
🔹 Trend: Strong breakout followed by consolidation.
🔹 Support Levels: $0.90 (short-term), $0.80 (strong support zone).
🔹 Resistance Levels: $1.00 (psychological level), $1.10 (previous high).
🔹 Indicators: The price is cooling off after a strong move, potential for a retest at lower support before another breakout.
---
🎯 Trade Strategy:
🔸 Bullish Scenario: If BNX holds above $0.90, it could attempt another push towards $1.10+.
🔸 Entry Zone: Ideal buy range is $0.85 – $0.90 for a dip-buy opportunity.
🔸 Target Levels: First target $1.00, second target $1.10, extended target $1.20.
🔸 Stop-Loss: $0.80 to manage risk in case of a breakdown.
🔸 Risk/Reward Ratio: 1:3 – High potential for another leg up if the trend holds.
---
🚀 Final Thoughts:
BNX has been showing strong bullish momentum, but a healthy correction could provide better entries. If the price stabilizes above $0.90, another breakout is likely. Keep an eye on volume and market sentiment!
📌 What’s your BNX price target? Let me know in the comments! 👇
💙 Like, Follow & Keep Supporting for More Trade Insights! 🚀🔥
#Bnx #Binance #TradingSignals #TradingStrategies💼💰 #analysis $BNX