BNX: Bullish Pump and Dump BreakoutA pump and dump is a common pattern in crypto where:
Pump → The price suddenly surges as traders rush in (often fueled by hype or big players manipulating the market).
Dump → After the price goes up, early buyers sell their coins, causing a sharp crash.
Many small investors get trapped buying at the top, thinking the price will keep rising. The key is knowing when the dump happens—and right now, BNX is still in the pump phase.
Looking at the BNX chart, here’s what’s happened so far:
✅ BNX was in a downtrend for months—the price kept falling inside a downtrend channel.
✅ A massive pump happened—BNX broke out of the downtrend and surged fast.
✅ Consolidation phase followed, building up for the next move.
✅ BNX finally breakout from consolidation phase → This confirms a bullish breakout, and I have entered a buy position.
Right now, BNX has NOT dumped yet—it is still in the bullish phase of the pump. But the key question is: Will it continue going up or reverse into a dump soon?
What Happens Next? (Two Scenarios)
Bullish Case (Price Goes Higher) 🟢
•If BNX stays above $1.02530, the rally will continue
Bearish Case (Fake Breakout & Dump) 🔴
•If BNX drops back below $1.02530, it could be a fake breakout (trap for buyers).
•If price falls below $0,87, it could start the dump phase.
BNX is still in the bullish phase, but at some point, the dump could come. As long as it holds above $1.10, it could keep running higher.
🔍 The key is watching if buyers keep pushing the price up, or if it starts reversing.
