How much higher
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#BNX has the potential to deliver 15x returns. $BNX Faces Uncertainty Amid Upcoming Upgrade – Key Levels to Watch...
#BNX is trading at $0.9964, up 19.89 percent, with volatility increasing as the March 18 upgrade and redenomination event approaches. Price action is stabilizing after reaching a 24-hour high of $1.0808 and a low of $0.8060.
Critical Levels to Watch
Resistance at $1.08. A breakout could push BNX toward $1.15 to $1.20.
Support at $0.93. A breakdown may lead to a decline toward $0.86 to $0.80.
Trade Setup
Long entry above $1.08, targeting $1.15 to $1.20.
Short entry below $0.93, with downside targets at $0.86 to $0.80.
Stop loss below $0.93 for long positions and above $1.08 for short positions.
Market Insights
The upcoming upgrade on March 18 is likely to cause sharp price movements.
Traders should expect heightened volatility leading up to the event.
Caution is advised, as price fluctuations could be unpredictable.