BNT/USDT Potential Bounce and back to testing on the resistance!
💎 BNT has recently seen noteworthy developments in the market. Presently, BNT is in a consolidation phase within the support zone.
💎 There is potential for a bounce from this support zone, with the next target being the resistance area at 0.842.
💎 The resistance zone holds key importance, as a successful breakout probability could lead to a relatively straightforward path toward reaching our short-term target at the bearish OB area.
💎 However, if BNT fails to sustain its price above the support zone, resulting in a breakdown, this would signify a bearish trend. In such a scenario, the price would likely continue its downward movement, potentially returning to the strong support area.
💎 There is potential for a bounce from this support zone, with the next target being the resistance area at 0.842.
💎 The resistance zone holds key importance, as a successful breakout probability could lead to a relatively straightforward path toward reaching our short-term target at the bearish OB area.
💎 However, if BNT fails to sustain its price above the support zone, resulting in a breakdown, this would signify a bearish trend. In such a scenario, the price would likely continue its downward movement, potentially returning to the strong support area.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.