BNX/USDT SETUP
$BNX


Observations

Current Price: $0.5193

Recent High: $0.6239

Recent Low: $0.4958

Price is consolidating after a recent downward move from the $0.5440-$0.5500 zone

.A resistance zone is evident around $0.5400 to $0.5500, with a

previous rejection at $0.5440.

The support zone lies at $0.4950, with price recently testing it

and bouncing upward.


Bullish Scenario

If the price breaks and holds above $0.5500, expect further upward momentum toward

$0.58 (minor resistance)

$0.62 (major resistance)


Bearish Scenario

If the price fails to sustain above $0.5200 and breaks below

$0.4950, potential downside targets are:

$0.45 (psychological support)

$0.40 (key structural support)



Trading Strategy Suggestions

Long Strategy (Bullish Breakout)Entry: Above $0.5500

Stop Loss: Below $0.5300

Targets: $0.5800, $0.6200

Short Strategy

(Rejection Setup)Entry: Near $0.5400-$0.5500 resistance if the

price gets rejected

Stop Loss: Above $0.5550

Targets: $0.4950, $0.4500

#BNX/USDT PREDICTION