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BNXUSDT trade ideas

BNX Long Position -1% Stop +10% Target. Lets Take a Look!A positive divergence has formed between BNX daily RSI and price. If we count the black trend line coming from the bottom as the stop zone, this stop corresponds to 1% from the point I shared now, this risk grows with leverage. The risk for spot buying is 1%. If the black price line is broken in volume, its possible move will be as i pointed out to wave 5. In case of a daily closing or a voluminous exit above the black price line, secure the principal with a stop, so the risk will be reduced to zero. I wish you lots of luck. NOTE: Pay attention to the 23,800 resistance in BTC. It is an important resistance, if there is a hard sell from that area and you noticed this chart late, do not force it to buy long or spot! Don't forget to like the graphic!
Long
by MuratMarangoz
BNX is searching for liquidity to bounceBNX is also a high volatile crypto, recently. Its moves (up and down) are quite periodic. In my opinion, now it is looking for liquidity to pump again. The liquidity is around $25-$26. When being at this level, it is very likely that a hidden bullish divergence would be seen. As a result, I expect a strong bounce of BNX the next days. Invalidity when there is a 4H candle closing below the daily trendline (below $25). Here below is the view in 1D TF
Long
by evasivesteering
BNXUSDT - SETUPBNXUSDT's price held its ground during this insane dumping and showed so much positivity during the near time. But now there are two problems: One, Price flirting with golden Fib level 0.618 continuously but got rejection at 145 $. Secondly, price did print a new HH on a closing basis. Which is a disturbing sign for the Bulls. Although the price came out from a triangle still there is no confirmation is it a breakout or a fakeout. Wait for the better price action. Good Luck!
by JustTradeSignals
BNXUSDT ! Fixing the price in the long zone. Growing upBNXUSDT feels quite confident trading in an uptrend. Previously, a range of 121.5-91.9 was formed, in which the price traded for quite a long time, we see several attempts to move the price up. The price after the breakdown of resistance rolled back to the range and is fixed above the previously broken upper limit. I expect the price to rise after fixing above the level. In the short term, I'm interested in the resistance at 144.6. And in the medium term 168.4 Sincerely, R. Linda!
Long
by RLinda
7
🔥 BNX: The New Bear-Market Top Performer?Last bear market we had LINK being a top performer and actually gaining a lot of value during the bear market. In today's bear market, it seems that BNX is one of the tokens standing out. With BTC trading in the red for over 9 weeks, most alts lost a huge part of their value. However, BNX seems totally unfazed by Bitcoin's bearishness and actually gained value. The current BTC bear trend started in April. BNX gained around +30% since then. More importantly, the BNX/BTC value is continuously moving upward, showing that BNX is strengthening against Bitcoin, which is what you want to see when you invest. It's gonna be interesting to see whether BNX will function as some kind of bear market hedge, or whether it's all temporary. For now, BNX is on my watch-list as it might actually play out to be one of the best alts to invest in during the bear market.
Long
by FieryTrading
4