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

Comment:

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.