BNX is searching for liquidity to bounce
Updated
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
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.
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