📊 BNX/USDT Trading Plan – Maximize Profits, Minimize Risk! 🚀

📈 Current Market Overview (March 17, 2025)

• Price: $1.7717

• 24H High: $2.0000 (Strong Resistance)

• 24H Low: $1.3421 (Key Support)

• Volume Surge: 40.79M BNX / 73.63M USDT (High Activity)

• Trend: Bullish but facing resistance at $2.00

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🔹 Trading Strategy Based on Price Action & Indicators

✅ Long (Buy) Trade Setup

🔹 Entry Zone: $1.50 – $1.60 (Pullback to key support & 7-day MA)

🔹 Stop Loss (SL): $1.35 (Below recent support, minimizing risk)

🔹 Take Profit (TP):

• TP1: $1.95 (Short-term resistance)

• TP2: $2.20 (Breakout level & psychological resistance)

🔹 Risk/Reward Ratio: 1:2+ (High probability trade)

👉 Confirmation: Look for a bullish reversal candle or strong volume increase near the support zone.

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❌ Short (Sell) Trade Setup

🔹 Entry Zone: $1.90 – $2.00 (Strong resistance level, ideal for shorting)

🔹 Stop Loss (SL): $2.10 (Above key resistance to avoid stop hunts)

🔹 Take Profit (TP):

• TP1: $1.70 (Short-term support)

• TP2: $1.50 (Major support & MA confluence)

🔹 Risk/Reward Ratio: 1:2+ (Safe shorting opportunity)

👉 Confirmation: Look for a rejection wick at $2.00 with high selling volume.

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🔹 Alternative Scenarios & Key Levels to Watch

📌 Break Above $2.00? 🚀 If BNX closes above $2.00 with strong volume, expect a rally toward $2.50 – $3.00. Adjust your stop-loss accordingly.

📌 Break Below $1.35? 🚨 If support fails, expect a retrace toward $1.10 – $1.00, which could trigger panic selling.

📢 Final Tip: Always use proper risk management & wait for confirmations before entering trades! 🛑✅

💬 What’s your move? Buying, selling, or waiting? Drop your thoughts! ⬇️

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BNX

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