$BNX I AM SHORT ON BNX

Entry 0.7543

DCA 0.8980

Sl. 1.05

Tp

0.68

0.65

0.6

0.55

0.48

As wee look bnx is lossing its bullish momentem so we can take short with 1/4 risk reward ration

BNX Price Surge: A Major Correction Is Coming – Here’s Why

BNX (BinaryX) has seen a parabolic price increase, but warning signs suggest a sharp correction is imminent. Let’s break down why this rally is unsustainable and why BNX could soon drop to $0.20.

Overbought RSI & Weak Momentum

The RSI is above 70, signaling extreme overbought conditions. Historically, such levels lead to profit-taking and sharp pullbacks. Additionally, bearish divergence suggests weakening momentum, a classic precursor to a trend reversal.

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