$BNX rises by 35% – Is this the start of a bigger movement❓ Will
#BNX recover to $1, or is it heading for another drop towards $0.5❓ The next move in the market is crucial what is your decision❓ $BNX is subject to upgrade and repricing, with trading suspension scheduled for $BNX
on March 18, 2025, at 08:00 UTC+5. Expect an increase in volatility ....
#BNX is currently trading at $0.9811, up by 35.94%, showing strong upward momentum. However, it faces resistance near $1.0914, where sellers may enter.
📉 Short trade setup:
🔻 Entry: Below $0.92
🎯 Targets:
$0.85 (first target)
$0.78 (extended drop)
🛑 Stop loss: Above $1.02
🔹 Ideal if: BNX rejects resistance and volume decreases.
📈 Long trade setup:
🔺 Entry: Above $1.10 (confirmed breakout)
🎯 Targets:
$1.15 (short term)
$1.25 (next main target)
🛑 Stop loss: Below $0.95
🔹 Ideal if: BNX holds above $1.10 with strong volume.
⚠️ Pay attention to:
Volume confirmation on the breakout.
Changes in SAR and MACD direction.
Resistance at $1.10—breakout or rejection will determine the move!
Judgment:
Sell if BNX fails to break $1.10.
Buy on a confirmed breakout above $1.10.