$BNX /USDT Short Trading Signal – Control in the Hands of Sellers

Entry Price: $1.38

🎯 Target 1: $1.35

🎯 Target 2: $1.32

🎯 Target 3: $1.30

🛑 Stop Loss: $1.50

But if it rises to $1.44 .. close the trade

Why Short?

BNX is experiencing a strong decline after a sharp rise, currently trading at $1.38 with a notable rejection from $1.54. The price structure shows signs of weakness with sellers entering, pushing it downward. The recent increase in volume indicates potential volatility, especially with the upcoming rebranding event.

If BNX fails to stay above $1.40, selling pressure may accelerate the move down towards $1.30. However, a breakout above $1.50 could invalidate the short setup. Traders should closely monitor price action and manage risk accordingly.

Risk Management Tip: Adjust stop loss levels once the first target is reached to secure profits.

Trade here on $BNX