$BNX As far as the K-line pattern is concerned, the recent market performance has shown significant volatility. The price fluctuates frequently between 0.7403 and 0.8585, which shows that the power of buyers and sellers in the market is relatively balanced. Observing the recent 4-hour K-lines, the upper shadow line is longer, which clearly reflects the greater selling pressure above the price.
From the perspective of technical indicators, the MACD indicator shows a positive signal. The current DIF line successfully crossed the DEA line, forming a golden cross pattern. At the same time, the MACD histogram turned from negative to positive, which indicates that the bullish force has increased in the short term and the market may have an upward trend. The value of the RSI indicator is 55.4481, which is in the neutral to strong area. It has not yet entered the overbought area, but it shows a continued upward trend, which also provides support for the market's rise. In addition, EMA7 (0.7813) has crossed EMA30 (0.7767) and is close to EMA120 (0.9599), which shows that the short-term moving average is strengthening, but the medium and long-term breakthrough still needs to be further observed.
In terms of trading volume, the market was particularly active. Especially during the 08:00 session on October 9, the trading volume increased significantly, reaching 44,817,582, which was accompanied by an increase in prices, indicating that funds were actively flowing into the market. Although the trading volume has declined in subsequent cycles, the overall volume has remained at a relatively high level, indicating that the market is highly active. $$
Regarding the 4-hour price trend of BNX, analysts believe that it is on an upward trend.
In terms of buying and selling point decisions, it is recommended that the first buying point be set at 0.750 USDT, because the price is near the previous low point and has strong support; the second buying point can be set at 0.740 USDT, because the price is close to the lowest price of 0.737 on October 9, which can be regarded as a further support level. For the long stop loss point, it is recommended to set it at 0.730 USDT, in order to avoid the price falling below the next integer level after the second buying point, so as to prevent a greater risk of callback.
As for the selling point, the first selling point can be set at 0.820 USDT, because the price is close to the recent high point; and the second selling point can be set at 0.830 USDT, which is to take into account the next pressure range that the price may encounter after breaking through the previous high. For the short stop loss point, it is recommended to set it at 0.840 USDT, in order to avoid the price exceeding the upper integer level after the second selling point, thereby avoiding a trend reversal.
In summary, Lao A made an accurate judgment and prediction on the 4-hour price trend of BNX through a comprehensive analysis of K-line patterns, technical indicators and trading volume. The buying and selling points and stop-loss points he proposed are based on in-depth market research and rigorous analytical logic, aiming to provide investors with valuable reference.
