BNX : THIS IS WHY IT WILL GET HYPEDDear traders.
Most of times when a coin get hyped it means there was some price action before what it made it so to increase.
And the best in a trader is to find and to see at last some patterns why a coin should increase and to learn from history before coins why it did increase.
All the years in trading have learned that history repairs in trends, and this are with more things.
For day traders there is always chances to get into trades and out - but this update going more deep about the BNX cycle view.
BNX - At this time not hyped, and most don't know about it.
I have choice to study this coin depending on signals that it shows with possibility for breakout - it shows some structure volume patterns what could make this coin increase to higher levels.
And personally after longer time studding coins as this - there seems be high chance that BNX will shows soon an effect.
DCA wallets also increasing with + adding amounts every time. it means there is an increase on DCA and this is also positive.
Know that there is always a risk into trading, for those trading with no risk management, and there is No 100% guaranty into trading . but it depending on higher chances, and yes in this case this coin have higher chance to breakout.
First of all its important that this coin BNX make the first gain above 150 USD - and for some traders is this an interesting area to check for a confirmation trade.
At this moment this coin trading between 131-135 USD.
This coin have a CC supply of 2M - with a marketcap of 273M, what means if it would only have the marketcap of AVAX it would be going over 2K.
This is just an example to re-effect the price action. ( this is not a focus price but its just a small idea) And same time the normally Supply can increase with time.
But even then it will stay very interesting.
The important change will come after hitting the all time high at 224 usd - this should make a hype change to the expecting target of 300 usd and over.
How long this all will take it depending on the market flow - and the fully market show.
If the trend going depending the above study - there should be at last a gain into this coin, and there can come a moment where this coin can split from others to show the effect of increase.
Thanks for reading!
# There is no 100% guaranty in markets , and that's why this are also not a finance advice.
Crypto markets are very hard, and can bring anyone with no risk management huge loses.
All info you get from online - just take it as a possible way and not the right way, and always filter it with more confirmations.
