BNX is approaching a key resistance level at $0.70, where the downtrend line has been acting as resistance. If we see a breakout above this level with strong volume, we could expect some bullish momentum ahead.
Key Levels to Watch:
- Support: $0.65
- Resistance: $0.70 (Breakout needed)
Potential Trade Setup:
- Entry: Wait for a confirmed breakout above $0.70
- Stop Loss: Below $0.65
- Targets:
- Target 1: $0.75
- Target 2: $0.85