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BNX / TetherUS

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BNXUSDT trade ideas

BNX Potential short setup into FOMCAfter a nice run up today, BNX is looking like it's broadening in an ascending formation. I tried to catch the top of the corrective wave and am trying to accumulate some more in here but I think I may not be able to get much more. This trade I'm leaving broad, and I'm really unsure about this so I'm not risking a lot on the wallet, and so r:r isn't great (3:1). Usually I'm grabbing more towards 5:1 in setups I'm really comfortable trading so this isn't the highest quality trade I'm posting by far. My average entry is 56.1326, and SL at 58 so I'm leaving this one really wide waiting for total invalidation but you can play it tighter. Take some profit along the way if you're trying to trade this. I don't know what will happen, but I suspect the uptrend will get busted here and you'll see a nice head and shoulders soon and other traders will follow me into this short. We'll see - can't predict the future so dyor and keep your risk managed appropriately.
Short
by decklyndubs
BNX - Bullish reversal ? BNX man.. i did a review around the bottom of this coin. This is when people are believing in miracles in the crypto markets. As we can see BNX did test some very challenging resistance level until the big one (last boss fight) because of the bear market conditions , it had problems defeating the last upper resistance level and BNX was sent back to lower price levels (back to inferno) What we can see on the chart (2 days time frame) 1. BNX price is back on the 9th of December 2021 Lows - 58$ 2.On 22 of March 2022 BNX had made a new resistance level around the same price around 58$ 3. Price according to the Cup n Handle Pattern went higher and higher ,ppl got greedy and more greedy ,and holders were happy 4. Price went so high it reached a peak resistance level on -16 Sept and Nov 22- ,and the price got rejected very aggressively with a double top 5. Here we need to look at a closer time frame like 12 and 9 hours and see what happened after the double top got rejected big time see the charts bellow
by blackriver85
1
BNX : BACK WHERE IT DID STARTS 2022 NEXT ONE?BNX, also known as BinaryX, is a project that supports the CyberDragon game on Binance Smart Chain (BSC). Initially, BNX was a decentralized protocol for trading derivatives, but the concept has since evolved to capitalize on the growing trend in the GameFi industry. Recent developments with BNX have shown that the coin is potentially at risk for a free fall in the coming time. This is due to the lack of normal DCA transactions, as well as a potential breakdown of the structure that has been in place since the start of 2022. While this does not guarantee that BNX will experience a free fall, it is a potential risk that investors should be aware of. In order to protect against this potential downside, investors may want to consider diversifying their portfolios and not putting all their eggs in one basket with BNX. Additionally, it may be wise to keep an eye on market conditions and make informed decisions based on the latest developments and trends. Overall, BNX has shown itself to be a resilient coin in the past, but like all investments, it carries some level of risk. By staying informed and making smart investment decisions, investors can potentially mitigate the potential downside of BNX. This is not trading advice, it's only a view of the market at this moment. Time will show or it will breakdown or not.
Long
by Goldenbreakout
10
BNX buy wall at 61. The Dao say they will buy back.BNX tanked 80% recently after some rumours hit the market that developers were selling the governance token. There have been massive inflows and dumping which fuelled panic selling. I can see as the market dumps today that there is a strong buy wall at BNX $61. BNX moved strongly to the upside through the bear market, so this reversal is either a signal that it may flatline, or is a strong signal that supply will be reduced. I can't seem to get on the DAO's posts to see what are open proposals and dates - maybe just because I don't have my meta mask - just gives an error. This is one for your watch list. If it can clear over $62 or so, the buy back may really cause a rally in the price. If it collapses under $60-61 area it may really flatline. Sad I missed it but happy to have a bit of a pulse on it here. Keep your risk tight - there is a nice consolidation to play so you can find really strong risk/reward ratios in a trade either way.
by decklyndubs
1
BNXUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for BNXUSDT There is R1 on the top that used to be a support area. S2 used to be a resistance area and S1 is our support area which represents the well support of price since the past. At the present, we have the fluctuation of price in S1 area after it faced a severe decline and we believe it will provide us two scenarios here. Either we would receive some rising sings and certainly an increase will happen to it toward R1 or higher amounts. Or it is possible that the price gives us some confirmation candles to fall and it will face a decline downward. It is highly recommended to consider every piece of information and detail in our analyses for a more precise and profitable action. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
6
BNX-USDT - December 05BNX is dumped after $100 and still waiting for an other another dump to touch $20 . May be it go up till $80 but will be dumped. It's crashed from $140 without any strong support. Where the BNX will bottom is uncertain. More bearish pressure is probably coming because this sell-off appears to have been planned. One would almost conclude that the developers had begun selling since they own the great majority of the supply. It now appears that BNX's reputation as a strong performer in weak markets is untrue. The price has experienced considerable bearish follow-through in addition to breaking the bullish channel. Right now its main resistance is S80 - S87 and if it can't break it then most probably it will go down even it can go lower to $10 Note Please never follow anyone blindly and always remember following key points: 1- First and Last thing in trading is patience. 2- Risk management in trading is a Key so use your money accordingly. 3- Please Don't think I'm always right. I could be wrong, same as every other trader. 4- I always posted my thoughts, not financial advice. 5- Please use your mind and try to get knowledge about market. It will help you in future Thank you and Good Luck!
Short
by SibiSh
BNX: AFTER THE FALL NEW UPTREND?BNX, a cryptocurrency, has recently experienced a fall in value. This fall has caused it to lose its important cross trend, and the historical trend of transactions has shown a minus in DCA (dollar cost averaging). See our before view: The big question is whether BNX can recover from this dip and continue on an upward trend. It is difficult to predict the future of any cryptocurrency, and it is possible that this dip may be a temporary fluctuation or it could be the beginning of a longer-term downward trend. However, if BNX is able to recover and return to its previous levels, it has the potential to trend back above the 80 USD level and even reach the 100 USD level. It is important to closely monitor the performance of BNX in the coming days and weeks to see if there are any signs of a potential recovery. If you are considering investing in BNX, it is crucial to thoroughly research the cryptocurrency and make an informed decision based on your own financial goals and risk tolerance. It is always advisable to consult with a financial advisor before making any investment decisions. Yes, it's possible that BNX can recover from this trend, but at last we should see coming time signals of confirmations that show this also. The low time of BNX still shows that there are chances for it, when the price stays above 60 USD there is an even high chance this can happen. we never will know exactly the goal of this dip. This can be a trend, but same time also a new chance for new whales to re-enter into markets. ( that's why crypto will stay unexpected market) Trade safe and on your plan. This is just our view about it.
Long
by Goldenbreakout
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 SwallowPremium
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