📈 **$BNX /USDT Technical Outlook** 📉
The BNX/USDT pair is showing promising bullish momentum on the 1-hour chart, currently trading at **0.7240 USDT** (+3.77%). After bouncing off a key support level at **0.6802 USDT**, the price is climbing and challenging resistance at **0.7487 USDT**. With the price trading above the **EMA(7)** and **EMA(25)**, short-term momentum remains strong, yet the longer-term **EMA(99)** at **0.7277 USDT** poses a crucial test for further upside.
🔑 **Support:** 0.6802 USDT
🚧 **Resistance:** 0.7487 USDT
📊 **Entry Strategy:**
For aggressive traders, buying around **0.7200-0.7250 USDT** with a tight stop below **0.6800** could offer an opportunity to ride the bullish wave. More conservative traders may wait for a confirmed break above **0.7487 USDT** before entering, targeting higher levels with momentum. Risk management is key as the pair nears resistance!
👀 Keep an eye on the volume and resistance zones for potential breakout or retracement opportunities!
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