$BNX Volatility Spike, But Bulls Still in Control 🚀
$BNX has surged 40% in the last 24 hours, hitting a high of $2.00 before retracing. The current price of $1.6867 suggests some profit-taking, but overall momentum remains bullish. With an upcoming redenomination, expect heightened volatility in the coming days.
Long Setup
Entry Zone: $1.65 - $1.70
Target 1: $1.85
Target 2: $2.00
Stop Loss: $1.55
Market Analysis 📊
Breakout Watch: A push above $1.80 could signal a retest of the $2.00 resistance.
Support Zone: The $1.60 - $1.65 region is acting as strong support after the pullback.
RSI & Volume: Volume remains elevated, but RSI suggests caution—consolidation might occur before the next breakout.
Pro Tip: Be mindful of the redenomination event. Sudden price swings are possible, so risk management is key!