BNX/USDT LONG

1. Current Market Structure: There are several breakouts of the structure (BOS), which indicates a change in market directions. The price tried to make several upward pullbacks, but a strong bearish trend held the movement. There is some recovery from the strong support zone (area at around 0.6750-0.7000). This confirms the presence of demand in this zone.
2. Indicators: MACD shows signs of a bullish crossover - the lines are starting to diverge, which may indicate a bullish move in the near future. However, the signal is not very strong yet. RSI (Relative Strength Index) is at 56.60, which indicates a neutral market condition. This suggests that the price still has potential to rise to the overbought zone.
3. Support and Resistance Levels: Support level: around 0.6750-0.7000 (a strong demand zone, from which the price has already started to bounce off). The nearest resistance zone: around 0.7429 — the price may encounter resistance in this area, which is confirmed by previous tests and the presence of sellers. Forecast for the next 24 hours: Given the recovery from the support zone and the current MACD signals, we can expect a continuation of the upward movement. The price may rise to the resistance zone around 0.7429. However, if the price fails to break through this resistance, a short-term rollback to the support zone is possible. It is important to monitor the price behavior near the 0.7429 zone: if a breakout occurs, this may be a signal for further growth to the area around 0.8100.
Recommendations: If you are considering long positions, it is worth monitoring the price reaction to the 0.7429 level. If the price breaks through it, further growth can be expected. If the price fails to overcome this level, a rollback to the 0.7000–0.6750 level is possible, where you can consider entering long positions.