Get started

BNX / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BNXUSDT trade ideas

BNX price movement projection / (Pay attention to the details)BINANCE:BNXUSDT GATEIO:BNXUSDT Hello Traders Until end of this week, BNX can give us two possible good positions in two sides. Short movement: Price needs to retest lower supports to gain the stability for an upward pullback to near 1.65. So with a SL near the nearest important resistance in 1.4968, you can open a short position with a near target of 1.28-1.18 and a far optimistic target near 1.05 Long movement: After price stabilized and gain volume between 1.1618 - 1.3474, only if nothing outside the box (Like start of a war😟 or anything else)happens to the market, BNX can retest resistance near 1.48-1.5 and after that start a movement to near 1.65 level. The timing for the positions on the chart are not precise. Pay attention to VRVP closely.
by CrazyS
BNX ANALYSIS (1D)According to the structure that we see for the waves on BNX, a triangle and diametric can be seen that we are now inside the diametric. We seem to be at the end of wave E of this diametric. In the red box, the E wave can end and the price enters the F wave, which is a bear wave. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
BNX short setupThe structure of BNX is bearish. After the heavy drop, if BNX pullback to the supply range on the chart, you can look for sell/short positions in this range. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Short
by iMoneyTeam
A Reversal Setup for BNXUSDTFollowing large selling pressure during the beginning of the trading session, we see a volume spike at the bottom of the range and indication of a trend reversal into key moving averages which I will be using as profit targets. The volume spike is a key indication of the end of a trend, it provides confirmation that the short-sellers are either covering in this zone (buying pressure) or that a whale has just entered into their long term position (buying pressure.) Using fibonacci and S/R, we can map out a clear profit target back towards $1 - I'm choosing 0.89 conservatively. Risk = 5%, reward = 27% Ratio = 5/1 These are the exact setups that provide high Reward for risk and clear confirmation from the volume spikes. Backtested results show 70-75% success. Expectancy = 3.75
Long
by dmchardy98