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BNX / TetherUS

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BNXUSDT trade ideas

BNX/USDT Looks suspiciousHey traders Well recently a lot of FUD has been going about BNX private holders so we see a good chance of another drop to come guys. Any thought here? We are opening a short position here with minimal amount just in case. Red zone is our sell zone and green is marked as target zone If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
1
🔥 BNX: It's OverOver the last couple of months I've been following BNX on foot. Where most cryptos saw huge losses, BNX kept on trading bullish and showed relatively great progress. Hence why I called BNX the new bear-market top performer, just like LINK did last bear market. However, it seems that BNX being a good bear-market performer is out of the window now. Not only has the bullish channel been broken, the price as seen significant bearish follow through as well. It's difficult to say where BNX will bottom. This sell-off seems orchestrated, so we're likely going to see more bearish pressure. Since the developers control the vast majority of the supply, one would almost think that they have started selling. I'm looking at $50 and $40 for potential bearish targets. If BNX's team continues to sell their supply and perform some kind of exit-scam we might actually go to $10 or lower.
Short
by FieryTrading
13
BNX 23.11.22 (4h)It dropped sharply from the $161 level I mentioned in my previous review and came to $135. He gets a reaction from there and tries to enter the channel again. 4-hour closes above turquoise should be carefully examined with volume candles. We have 2 scenarios ahead of us. In such a case, the scenario with the red arrow may be valid in such a case that it cannot gain enough volume to hold in the channel and is pulled back to the first support point . If the volume increases and the 4-hour closes are solid above the turquoise line , the green-colored scenario could be realized. I did not close the shorts I opened, I want to put a stop to the profit and see where it will go. I will close part of the position every time it hits the green box. It should not be forgotten that BNX has an extremely high price compared to the market. Also, closures above the white line can take us to the second short point, so be careful. What I write here serves as a note to myself. Does not include investment advice.
by BarbarKalyon
6
BNX/USDT Possible movements! Hey, traders Let's take a peek at BNX/USDT pair. Well despite our bearish trend that we are going through for the last months BNX coin has done pretty good with a nice uptrend. We have drew two scenarios for you where one would be if we break this uptrend and other one if we hold strongly this uptrend and go for new ATH. Buy and Sell zone has been marked so let's see what we will get from here If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
5