🔻 $BNX
/USDT Short Trade Signal! 🔻
📉 Current Price: $0.9897 (-1.77%)
📊 Market Trend: Bearish momentum gaining strength
Key Levels:
📉 Support: $0.9700 - $0.9500
📈 Resistance: $1.0200 - $1.0400
Trade Setup:
🎯 Target Levels:
✅ TP1: $0.9700
🔸 TP2: $0.9550
🔸 TP3: $0.9400
🛑 Stop Loss: $1.0150
Market Insight:
Multiple rejections near $1.0400 signal strong resistance.
A significant sell-off candle confirms bearish momentum.
A break below $0.9800 could trigger further downside pressure.
🔥 Pro Tip:
Look for a short entry on a retest of $1.0000 resistance for an optimal setup.
Watch for increasing sell volume to confirm a trend continuation.
Keep an eye on BTC movements, as a drop could accelerate BNX’s decline.
⚠️ Risk Management:
Lock in profits at TP1 and move stop-loss to breakeven.
If price consolidates near TP2, consider a partial exit and adjust stop-loss accordingly.
🔻 Bearish Continuation Setup Active – Breakdown Confirmed!
$BNX {future} (BNXUSDT)
#CryptoMarket #BNXShortTrade #MarketDowntrend #RiskManagement