BNX/USDT Break Alert!! Indicating Bullish Momentum for BNX.

💎 BNX has recently shown significant market dynamics, breaking out of a local resistance area, indicating bullish momentum.

💎 However, the price must undergo a retesting phase at the support level, which previously acted as resistance, before continuing its upward movement towards the target area.

💎 Should BNX fail to bounce during the retesting phase at the support level, there's a possibility of a breakdown below this support. Such an outcome would signal a false breakout, leading to a reversal of the bullish movement and a shift toward downward momentum, potentially targeting the demand area as the next stop.

💎 At the demand area, a bounce is necessary to reclaim the price above the support level and sustain the upward momentum towards reaching the target. However, if this scenario fails to materialize, the price may continue its downward movement, targeting the key support area or even lower levels.