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BNXUSDT trade ideas

Trade Signal for BNXUSDTAttention Traders, We have a new trade signal for the BNXUSDT currency pair. Based on the analysis conducted by our EASY Quantum Ai strategy, we recommend the following trade setup: - - - The decision to initiate a Sell position for BNXUSDT is grounded on several key indicators and market conditions identified by our advanced strategy: 1. - Recent technical indicators such as moving averages and RSI suggest that BNXUSDT is entering an overbought zone, which typically precedes a downward correction. 2. - Current market sentiment appears to be tilting towards bearishness, with a noticeable increase in short positions among institutional traders. This trend hints at potential downward pressure on the price. 3. - A decline in buying volume alongside stagnant prices indicates a weakening in bullish momentum, often a precursor to a price drop. We advise all traders to take advantage of this signal promptly and monitor the market for any significant changes. As always, employ sound risk management practices. Happy Trading!
Short
by ForexRobotEasy
Will BNX Bounce Back or Break Down? Key Levels to Watch NowYello, Paradisers! Is #BNX about to stage a powerful bullish reversal, or could we see another leg down? Let's dive into the current setup of #BinaryX: 💎#BNXUSDT is flashing some promising signs of a potential reversal following a crucial retest of a major support zone. The recent price action saw #BNXUSDT lose steam after encountering a strong rejection at the key resistance of $1.71, where a double-top pattern emerged. Now, the focus shifts to a pivotal support zone between $0.596 and $0.691. 💎If the price holds above $0.596 - $0.691 and rebounds, it could gather the necessary momentum to retest the minor resistance at $0.855. A break above this level would signal a return to a bullish structure, opening the door for higher targets and a potential trend shift. 💎However, if #BNX fails to rebound within this zone, a breakdown could trigger a continuation of the downtrend, with the next stop potentially being the demand area at $0.435. 💎Historically, the $0.435 level has provided solid support, making it a key area to watch for a potential rebound opportunity. But for $BNX to regain its upward momentum, reclaiming the $0.855 resistance is essential. If the price fails to do so—or, even worse, breaks down below the $0.435 demand zone—it would confirm a bearish trend, indicating further downside risks. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
BinaryX Finds Support (Same As BNXBTC)I see a bounce happening for this pair, BNXUSDT. As long as it trades above 'support' the pair is bullish and we can expect higher prices. Notice how back in June when 'support 1' was hit what followed was bullish action. The second time we have a lower low on low bearish volume, so the potential is high for an inverted correction or even the resumption of the bullish trend. I wouldn't call the resumption of the bullish trend here because of the strong rise that happened recently, but the minimum would be a price-bounce (inverted correction). Later, depending how it develops we can consider what will happen next. A recovery can happen here but it can be mid-term and then a retrace which will challenge 'support' again. This retrace can end in a lower low or higher low and this won't change the fact that it will be followed by consolidation and maximum growth. So we get up, down, up-up-up. This chart looks very similar to BNXBTC. They are both bullish. Namaste.
Long
by AlanSantana
BNX/USDT LONG1. Current Market Structure: There are several breakouts of the structure (BOS), which indicates a change in market directions. The price tried to make several upward pullbacks, but a strong bearish trend held the movement. There is some recovery from the strong support zone (area at around 0.6750-0.7000). This confirms the presence of demand in this zone. 2. Indicators: MACD shows signs of a bullish crossover - the lines are starting to diverge, which may indicate a bullish move in the near future. However, the signal is not very strong yet. RSI (Relative Strength Index) is at 56.60, which indicates a neutral market condition. This suggests that the price still has potential to rise to the overbought zone. 3. Support and Resistance Levels: Support level: around 0.6750-0.7000 (a strong demand zone, from which the price has already started to bounce off). The nearest resistance zone: around 0.7429 — the price may encounter resistance in this area, which is confirmed by previous tests and the presence of sellers. Forecast for the next 24 hours: Given the recovery from the support zone and the current MACD signals, we can expect a continuation of the upward movement. The price may rise to the resistance zone around 0.7429. However, if the price fails to break through this resistance, a short-term rollback to the support zone is possible. It is important to monitor the price behavior near the 0.7429 zone: if a breakout occurs, this may be a signal for further growth to the area around 0.8100. Recommendations: If you are considering long positions, it is worth monitoring the price reaction to the 0.7429 level. If the price breaks through it, further growth can be expected. If the price fails to overcome this level, a rollback to the 0.7000–0.6750 level is possible, where you can consider entering long positions.
Long
by potfew345
TIME TO LOOK WEAKLY Hello bros. Firs of all sory for my bad english. So far 20weeks moving average was enough as support. This drop looks same like others on RSI but macd made sell signal first time and momentum is quite droped. If you are in pozition be ready for a drop to ma 50. In this case will see our lovely crazy cripto's destiniy for long future. My opinion if it drop to 50w ma it will jump back quickly. But be ready for this price action. Drop your risk and arange time. This is not a investment idea this is my idea.
by ardatufekci33917
30% retracement $BNXBTC going for all time highs, and 30% retracement on $BNX over a 7 day period - doesn't quite add up. People shorting support, funding majorly negative. All because the project is changing its name to NYSE:FOUR , which has zero impact on the tokenomics or the project. In fact, it's probably more bullish considering CZ from Binance was released from prison today and the idea behind NYSE:FOUR is because he received a sentence of 4 months. I expect Binance Smart Chain projects to start running next week, with CRYPTOCAP:BNB leading the way. Expect this to follow. Keep shorting support, you'll be blown out eventually. Tick tock.
Long
by RossCFC88
BNX | The queen of the bear index.While it may not seem logical, this coin always turns out to be a harbinger of doom for the entire market. When BNX rises, the most appropriate decision is to temporarily exit the market until the beginning of its correction. From a technical standpoint, we have a nice upward channel after a catastrophic drop that occurred in May 2023. We might also have an ascending triangle. With good risk management, taking a long position here could be a good decision, with an exit in case of a complete close below the channel or touching the stop-loss. Targets on the chart TP1 : 0.39 TP2 : 0.50 Setup Target : 0.616
Long
by AhMohHe
BNXUSDT → Liquidation on bullish trend before rising...BINANCE:BNXUSDT continues to correct and is heading towards global bullish trend support.Against the overall backdrop, the coin looks promising as one of the few continues to hold an uptrend.... Locally, BNX is testing the key liquidity area, a rebound to 1.300 may follow, but depending on the situation, there are various patterns indicating selling pressure on the market, such as: local lows, sma cross, closing bars at daily lows.... But, confidence is given by the overall trend. It is worth paying attention to the support 1.061 - 1.22, in this zone the struggle between the market participants is formed. The bulls may finally win if they are able to consolidate above 1.2000, but before that a long-squeeze or a scramble for support is possible. Resistance levels: 1.2000, 1.31, 1.425 Support levels: 1.14, 1.06, 0.95 Technically, the trend boundary and liquidity area has not been tested yet. There are no strong bullish signals and MM may form a trap (false growth, liquidation (sell-off) and false breakdown followed by growth). Emphasis on these key zones... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT ;) Regards R. Linda!
Long
by RLinda
7
BNX → The coin is stronger than the market. Bullish trendBINANCE:BNXUSDT looks quite strong relative to the entire cryptocurrency market, maintaining an already strong bullish trend. The price is forming a range and it is worth paying attention to its boundaries... The situation is complicated by panic, bitcoin is unstable and thus creates unnecessary volatility in the whole market. The ideal outcome would be to stop the market and reduce volatility or consolidate so that action can be taken. But in fact BNX looks stronger than the market and this is worth taking into consideration. The focus is on the strong 1.4252 - 1.2800 range. Because of the challenging technical environment, two scenarios are worth considering (but I like the resistance breakout the best) If the bulls hold 1.2800 and start gradually approaching 1.4252, we should expect a breakout with further upside to 1.75 range resistance or even higher in the long term. Support levels: 1.28, 1.1618 Resistance levels: 1.4252, 1.5161 However, if the bulls fail to hold 1.28 and the price breaks the support on the background of high market volatility, it may test 1.1618 - 1.0399 once again before further growth, as the uptrend is still in place Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT.P ;) Regards R. Linda!
Long
by RLinda
2