#TokenReserve $BNX /USDT – Explosive Breakout, Is $1.10 Next Target? $BNX is in full breakout mode, having risen to $1.0538, with a 24-hour high of $1.0594 after a sharp rise from $0.6756. The price is enjoying strong momentum, with significant volume.
Key Levels to Watch
Resistance: $1.0594 – A break above this level could lead to a move towards $1.10 and $1.15.
Support: $0.9942 – Holding above this level will maintain the upward momentum; losing it could lead to a retest of $0.91.
Trading Setup
Long Entry: Above $1.06, targeting $1.10 and $1.15.
Short Entry: Below $0.9942, Target $0.91 and $0.85.
Stop Loss: $0.99 to buy, $1.06 to sell.
Market Overview
BNX is experiencing a parabolic move, with bullish volume pushing the price to new highs. If buyers maintain control, $1.10 to $1.15 is within reach. However, a sharp rejection could lead to a pullback, so risk management is paramount.