The BNX/USDT chart shows a triangle pattern that has broken out, retested the breakout level, and is now moving upwards. This pattern suggests a bullish trend, and the price could continue to rise.
Here's a trading plan based on this analysis:
Entry: Buy at the current market price.
Stop Loss: 1.18
Target: 2.00$ or 1.9$
Risk: 5% of your portfolio.
Risk/Reward Ratio: 1:3 or 1:4
Money Management: Always use proper money management techniques and only risk a small percentage of your portfolio on any trade.
This is a general suggestion, and it is important to conduct your own research before making any trading decisions.
