Long
BNX is searching for liquidity to bounce
BNX 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
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
Note
BNX has been pumping shortly after the post. TP1 already hit (+4%)
Trade active
It is the first sign of a new pump.Trade active
BNX (almost) touched the daily trendline and is moving up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.