🔻 $BNX /USDT Short Trade Signal! 🔻
📉 Entry: $1.6301
🎯 Targets:
Target 1: $1.5800 (First support zone)
Target 2: $1.5200 (Liquidity sweep)
Target 3: $1.4200 (Major support & demand zone)
🛑 Stop Loss: $1.7400 (Above recent high rejection area)
📌 Key Levels:
Resistance: $1.7400 (Breakout failure point)
Support Zones:
$1.5800 (Minor support, potential bounce)
$1.5200 (Critical breakdown confirmation)
$1.4200 (Strong demand area)
📊 Market Outlook:
BNX/USDT surged to $2.00 but faced sharp rejection, leading to a consistent downtrend. The current structure shows lower highs, indicating further downside potential. A break below $1.5800 could accelerate the sell-off.
⚠️ Risk Management:
Risk-Reward Ratio: 1:3 (High probability trade)
Position Sizing: Risk 1-2% of total portfolio
Trailing Stop: Move SL to breakeven if price reaches $1.5800
💡 Pro Tip:
Watch for volume confirmation on breakdowns. If $1.5200 is lost with high sell volume, expect a fast move toward $1.4200.
🚀 Trade wisely, manage risk!
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