BinaryX (BNX) has undergone a significant downturn, experiencing a 45% drop over the past two days. The token found support at around $0.65 and briefly recovered to $0.74. In order for #bnxUstd to reach the $0.80 mark, it needs to maintain the support level of $0.65. However, if this support fails, there is a possibility of a further decline to around $0.50. Recent market activity resulted in more than $80 million being liquidated in just a few hours, indicating that many investors are currently facing losses, especially those who bought #BNX at prices above $1.00 and are now waiting for a recovery to that level. This situation highlights the critical importance of risk management in trading.
