WHY WE NEED TO FLOW
Let's analyze BNX/USDT on the 4H and 1D timeframes to get a broader perspective
4H Timeframe Analysis (Mid-Term Outlook)
1. Trend & Moving Averages:
Uptrend confirmed: Higher highs and higher lows are present
Price is above all key moving averages (MAs), showing bullish dominance.
MA(7), MA(9), and MA(12) are closely following the price, meaning the trend is strong.
Major Support Levels:
0.6001 USDT (recent higher low)
0.5741 USDT (MA 25)
2. RSI & Momentum:
RSI(14) on 4H is likely nearing 70-75 (Overbought zone)
If RSI stays high while volume increases, price may continue rising.
If RSI starts dropping with decreasing volume, a short-term pullback is likely.
3. Key Resistance Levels:
0.6900 USDT (recent high) – Needs a breakout for further upside.
0.7165 USDT (potential next target if breakout occurs).
4. Volume Analysis:
Strong buying volume confirms trend strength.
If volume drops while price rises, caution is needed (potential weakness).
Mid-Term Trading Plan (4H)
✅ Bullish: Buy on pullbacks to 0.6001 – 0.5741 USDT if volume remains high.
❌ Bearish: If price drops below 0.5741 USDT, expect further correction toward 0.5112 USDT (MA 50).
1D Timeframe Analysis (Long-Term Outlook)
1. Trend & Support Levels:
BNX is in a long-term recovery uptrend after a major downtrend.
The price has crossed above the 50-day MA, which is a strong bullish signal.
Key Long-Term Supports:
0.5112 USDT (MA 50, critical)
0.3571 USDT (MA 100, strong base support)
2. RSI & Overbought Conditions:
RSI on 1D is likely between 65-75, which is bullish but near overbought.
If RSI reaches 80+, expect a pullback or sideways movement.
3. Major Resistance Levels:
0.7165 USDT – If broken, could push toward 0.8000 USDT.
1.0000 USDT (Psychological resistance).
Long-Term Trading Plan (1D)
✅ Bullish: Buy on dips near 0.5741 USDT if the trend remains intact.
❌ Bearish: If price falls below 0.5112 USDT, a deeper correction could happen.
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