🚨 $BNX /USDT ALERT – BIG VOLATILITY EXPECTED! 🚨
$BNX is currently trading at $1.0006, up +7.53%, with a 24-hour high of $1.0300 and a low of $0.8819. The pair is set for an upgrade/redenomination, with trading suspension scheduled for March 18, 2025, which could bring increased volatility.
Key Levels to Watch
Resistance: $1.0300 – A breakout here could send BNX toward $1.0700.
Support: $0.9474 – Losing this level could see a drop to $0.9000.
Trade Setup – How to Play This Move?
Long Entry: Above $1.0100 with targets at $1.0500 and $1.0700.
Short Entry: Below $0.9500, expecting a drop to $0.9000.
Stop-Loss: Manage risk at $0.9600 for longs and $1.0200 for shorts.
Market Insights
✅ MACD Neutral – Awaiting confirmation of trend direction.
✅ High Alert: Suspension notice increases risk—expect sharp moves.
⚠ Caution: Major volatility is likely as the upgrade approaches!
Final Thoughts: BNX is trading within a critical range. If momentum pushes past $1.0300, bulls could take control. However, caution is needed as the upcoming upgrade could bring sharp price swings.
