#BinaryX HITS $2 in this week ❓$BNX /USDT – Bullish Rally or Temporary PauseKey Levels to Watch. $BNX is currently trading at $1.0154, showing a 40.50% surge, hitting a high of $1.0704 before facing resistance. The price has seen a strong uptrend but is now consolidating, which could lead to the next big move.
Key Levels to Watch
Resistance: $1.0704 – A breakout could drive BNX toward $1.1200 and $1.1800.
Support: $0.9255 – If this level fails, the next downside targets are $0.8438 and $0.7621.
Trade Setup
Long Entry: Above $1.0704, aiming for $1.1200 and $1.1800.
Short Entry: Below $0.9255, targeting $0.8438 and $0.7621.
Stop Loss: $0.9800 for longs, $1.0300 for shorts.
Market Insight
BNX has seen a massive spike in volume, indicating strong interest from buyers. However, the MACD shows early signs of potential exhaustion, suggesting that a consolidation or retracement could occur before the next breakout. If BNX holds above $1.0000, bullish momentum could continue.