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BNXUSDT trade ideas

BNX/USDT might go for EMA100 Hey, guys Next one on our watchlist is going to be BNX coin. Well after that last sweet drop we had on BNX coin we have been going upwards (correctional movement) in a cup formation which is good for bulls. We see a short-term possibility for bullish movement but once we reach EMA100 we would suggest to take another look at this coin)) 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.
Long
by SwallowAcademy
20
BNX broadening ascending wedgeGot an alert from a volatility contraction on BNX and observe a broadening ascending wedge that looks like it's ready for some action. I'll watch it and manage risk but this is looking short at the moment. Rough day to trade - some some friends giving back profit but I clocked some big gains so doing some degen gambling here. Keep it tight, risk down to 0 asap - who knows what the price will do in the unknowable future! Not I! Risk management is everything.
by decklyndubs
BNX moving sideways and looks scalpableI'm spotting another potential break to the downside on an easy intraday short scalp on BNX. It's been moving sideways. Tricky day to short as the markets are optimistic/at ease on the CPI print. BNX has been pretty rocky and one of my favourite assets to scalp short lately. I'm still looking for a short that I can "hold" into oblivion but I end up scalping pretty much every entry out. Plan is to wait for a reduction in volume and volatility (which we're seeing a bit of now) and hopefully catch a 4:1 managing risk down to 0 as fast as possible and taking profit around any resistance areas. If the fed stays on the optimistic side of the messaging, it could go up but today seems to be stabilizing a bit so I'm getting comfortable taking some scalps.
Short
by decklyndubs
BNX: BROKE FIRST TIME SINCE START 2022 THE BREAKDOWN TREND ZONEBNX shows for the first time since the start of 2022 a signal of entering a new breakdown trend, what this means exactly we should confirm it coming time. but at last, this coin making history into range levels that did not respect for the long term, this could bring BNX to below levels. There is a good possibility that BNX can return below 100 USD since the levels for the uptrend are not confirmed. This is not trading advice, study your charts well before you enter any trade. This coin knows as a coin that did increase and held the levels before since 2022, but now it shows a difference side of the trend.
Short
by Goldenbreakout
1
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