Target 2 achieved.

📊 Market Observations BNX/TetherUS :

1️⃣ Downtrend Followed by Strong Reversal

BNX saw a declining trend from March 14 to early March 15, with price consolidation at a low near $0.86.
After that, BNX experienced a breakout with increased buying volume, indicating a shift from accumulation to an uptrend.

2️⃣ Bollinger Bands Expansion – Bullish Signal

The price is trending along the upper Bollinger Band, suggesting strong bullish momentum.
No signs of contraction yet, meaning the trend might continue upwards.

3️⃣ Momentum Indicator Shows Strength

The oscillator at the bottom confirms the bullish momentum.
A recent crossover to the upside suggests buyers are still in control.

4️⃣ Volume Spike Supports Uptrend

The buying volume has increased, confirming strong demand.
No major sell-off seen yet, meaning bulls are still active.

🚀 Trade Recommendation: Long or Short?

✅ Long (Bullish Bias):

Entry Zone: $1.20 - $1.25
Target 1: $1.35 - $1.40
Target 2: $1.50+ (If momentum continues)
Stop-Loss: Below $1.15 (to protect against reversal)

📉 Short? Not yet!

No clear bearish divergence in indicators.
Price still riding the upper Bollinger Band = bullish.
Wait for a trend exhaustion signal before shorting.

🔮 Future Outlook for BNX

If momentum holds, BNX could test $1.50+ in the coming days. However:

Watch BTC’s price action—if Bitcoin dumps, BNX may follow.
Monitor resistance at $1.35 - $1.40, as profit-taking may occur.
If a pullback happens, $1.10 - $1.15 could act as a strong support zone.

📢 Conclusion: Long BNX, but manage risk! 🚀💰

#Write2Earn #BNX #LONG✅