BNX | The queen of the bear index.
While it may not seem logical, this coin always turns out to be a harbinger of doom for the entire market.
When BNX rises, the most appropriate decision is to temporarily exit the market until the beginning of its correction.
From a technical standpoint, we have a nice upward channel after a catastrophic drop that occurred in May 2023. We might also have an ascending triangle. With good risk management, taking a long position here could be a good decision, with an exit in case of a complete close below the channel or touching the stop-loss.
Targets on the chart
TP1 : 0.39
TP2 : 0.50
Setup Target : 0.616
When BNX rises, the most appropriate decision is to temporarily exit the market until the beginning of its correction.
From a technical standpoint, we have a nice upward channel after a catastrophic drop that occurred in May 2023. We might also have an ascending triangle. With good risk management, taking a long position here could be a good decision, with an exit in case of a complete close below the channel or touching the stop-loss.
Targets on the chart
TP1 : 0.39
TP2 : 0.50
Setup Target : 0.616
Trade active:
BNX will go big
Trade closed: target reached:
Trade closed: target reached:
Let's hope it goes down
Let's hope it goes down