🔥 $BDXN Plunges: Dead Cat Bounce or Reversal Ahead? 📉

The recent price action for $BDXN shows a significant bearish trend, with sellers largely in control. The volume profile suggests that conviction behind any upward ticks has been lacking. Eyes are on key levels for the next directional move.

📊 Trading Outlook:

📈 Potential Long: A reclaim of the 0.06700 USDT level with strong buying volume could signal a relief rally. Targets might then be around 0.07200 USDT. This would be a higher-risk counter-trend play, consider low leverage or spot.

📉 Short Setup: If $BDXN breaks below the immediate support around 0.06150 USDT, further downside towards 0.05700 USDT could be expected. This aligns with the current prevailing momentum. Manage risk, especially if using leverage.

Remember, the broader market sentiment can heavily influence altcoins like $BDXN, so keep an eye on the majors!

⚠️ NFA/DYOR.

#BDXN #CryptoTrading #Altcoin #BearMarket #PriceAction