BNXUSDT Breakout Alert! Is a Bullish Surge on the Horizon?

27 thg 6

Yello, Paradisers! Did you spot the recent breakout from the falling wedge pattern on BNXUSDT? This breakout signals a potential bullish momentum ahead. Let's dive into the details.

💎The price is likely to retest the support zone around the 1.096 area before continuing its upward movement. This level is crucial as it often acts as a springboard for further gains.

💎If BNX fails to bounce at the support zone and breaks below, it will likely find support at the Bullish Order Block (OB) area. The OB usually contains large buy orders, which can help the price rebound.

💎For the bullish momentum to continue, BNX needs to reclaim the support zone around 1.96. This is essential for hitting our target. A break below the support trendline would be a bad sign for bulls. If the price breaks the Choch area, it would confirm a trend reversal to bearish, invalidating the bullish scenario.

If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities.

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