TECHNICAL ANALYSIS: LONG TRADE SIGNAL Trade Setup (1h Chart) * Entry (Long): $0.21050 (Entry just above the current market price of $0.20945, confirming a break of the short consolidation) * TP1 (Target): $0.22900 (Approaching the 24h High of $0.22965) * TP2 (Target): $0.24300 (Next major resistance zone, as seen on the chart) * SL (Stop Loss): $0.18200 (Just below the MA(7) at $0.18288 and below the low of the recent bullish impulse candle) Short Outlook of Market The chart, which appears to be a 1-hour timeframe, exhibits extremely strong bullish momentum as indicated by the +42.46% 24-hour gain and the large green impulse candles. The price has recently broken out of a lengthy consolidation phase near the $0.14 - $0.16 region. The short-term moving averages have crossed, with the MA(7) at $0.18288 now significantly above the MA(25) at $0.16259, confirming the momentum shift. Volume has exploded, validating the breakout. Although the price has pulled back slightly from the recent peak (current price is $0.20945), this may represent a healthy retrace before the next leg up. A break above the $0.21050 area suggests continuation towards the 24h high and beyond. The absence of MA(99) indicates either limited historical data or a massive recent price change relative to the past. #Crypto #Altcoin #Breakout #LongSetup #Momentum
TECHNICAL ANALYSIS: LONG TRADE SIGNAL Trade Setup (1h Chart) * Entry (Long): $0.04710 (Entry just above the current market price, confirming a break of immediate resistance) * TP1 (Target): $0.04850 (Initial resistance level from previous price action) * TP2 (Target): $0.05050 (Next significant resistance level, approaching the MA(99)) * SL (Stop Loss): $0.04590 (Below the MA(7) at $0.04555 and recent consolidation lows) Short Outlook of Market The $BNX chart on the 1-hour timeframe shows the price currently at $0.04704, demonstrating a strong upward momentum with a +19.40% increase in the last 24 hours. The price has successfully climbed above both the MA(7) at $0.04555 and the MA(25) at $0.043844, indicating a short-term bullish trend. There has been a significant bounce from the 24h low of $0.03786. The next major resistance is the MA(99) at $0.054422, which aligns with higher price levels on the chart. Current volume appears consistent with the upward move. A sustained break above the current consolidation around $0.04700 would reinforce the bullish outlook, suggesting continuation towards the mentioned targets. $BNX #BNX #Crypto #TechnicalAnalysis #LongSetup #Binance
TECHNICAL ANALYSIS: LONG TRADE SIGNAL Trade Setup (1h Chart) * Entry (Long): $0.04710 (Entry just above the current market price, confirming a break of immediate resistance) * TP1 (Target): $0.04850 (Initial resistance level from previous price action) * TP2 (Target): $0.05050 (Next significant resistance level, approaching the MA(99)) * SL (Stop Loss): $0.04590 (Below the MA(7) at $0.04555 and recent consolidation lows) Short Outlook of Market The $BNX chart on the 1-hour timeframe shows the price currently at $0.04704, demonstrating a strong upward momentum with a +19.40% increase in the last 24 hours. The price has successfully climbed above both the MA(7) at $0.04555 and the MA(25) at $0.043844, indicating a short-term bullish trend. There has been a significant bounce from the 24h low of $0.03786. The next major resistance is the MA(99) at $0.054422, which aligns with higher price levels on the chart. Current volume appears consistent with the upward move. A sustained break above the current consolidation around $0.04700 would reinforce the bullish outlook, suggesting continuation towards the mentioned targets. $BNX #BNX #Crypto #TechnicalAnalysis #LongSetup #Binance
TECHNICAL ANALYSIS: LONG TRADE SIGNAL Trade Setup (1h Chart) * Entry (Long): $0.04710 (Entry just above the current market price, confirming a break of immediate resistance) * TP1 (Target): $0.04850 (Initial resistance level from previous price action) * TP2 (Target): $0.05050 (Next significant resistance level, approaching the MA(99)) * SL (Stop Loss): $0.04590 (Below the MA(7) at $0.04555 and recent consolidation lows) Short Outlook of Market The $BNX chart on the 1-hour timeframe shows the price currently at $0.04704, demonstrating a strong upward momentum with a +19.40% increase in the last 24 hours. The price has successfully climbed above both the MA(7) at $0.04555 and the MA(25) at $0.043844, indicating a short-term bullish trend. There has been a significant bounce from the 24h low of $0.03786. The next major resistance is the MA(99) at $0.054422, which aligns with higher price levels on the chart. Current volume appears consistent with the upward move. A sustained break above the current consolidation around $0.04700 would reinforce the bullish outlook, suggesting continuation towards the mentioned targets. $BNX #BNX #Crypto #TechnicalAnalysis #LongSetup #Binance