$BNX 📊 BNX/USDT - Price Consolidation Before Next Move? Best Trading Strategy here 👇 🔑 💯 🎯 🧑💻 🔑 👇
📈 1-Hour Chart | Binance
💰 Current Price: $0.8912
📊 Trend: Neutral to Slightly Bullish
📍 Resistance Levels: $0.9009 - $0.92
📍 Support Levels: $0.8637 - $0.7568
⏳ Expected Trade Duration: Short-Term (1H - 4H Setup)
📊 Technical Indicators & Chart Pattern Analysis:
📌 Price Consolidation - BNX is trading sideways after a previous pump, suggesting accumulation.
⚠️ RSI (47.31) - Neutral, neither overbought nor oversold. Waiting for a clear direction.
📌 DMI/ADX - Weak trend strength, but bulls are slightly gaining control.
🚨 Volume Decreasing - Traders are waiting for confirmation before the next big move.
📌 Chart Pattern Analysis:
Potential Bullish Continuation - If BNX stays above $0.8637, an upward move is likely.
Break Below $0.85 - May signal further downside correction to $0.75 levels.
📌 Final Trend Signal: Neutral to Slightly Bullish (Waiting for Confirmation!)
📌 Trade Setup & Key Levels 🎯
📉 Bearish Breakdown Trade (Short Setup):
Entry Below: $0.86
Stop Loss: $0.89
Take Profit 1: $0.83
Take Profit 2: $0.78 - $0.75
✅ Risk-Reward Ratio: 1:2+
📈 Bullish Breakout Setup (Buy if Resistance Breaks):
Entry Above: $0.91
Stop Loss: $0.88
Target 1: $0.94
Target 2: $1.00+
📢 Final Thoughts (Based on Chart Analysis):
⚖️ BNX is consolidating between $0.86 and $0.91, awaiting a breakout.
📌 A break above $0.91 could trigger a move toward $1.00.
🔔 Watch for volume confirmation before entering a trade!
💰 Follow for More Crypto Signals & Analysis! 📊
⚠️ Disclaimer: Not financial advice. Trade responsibly!
