bntanalysis

$BNT
🔥🔥$BNT - $0.294 then a trap at $0.318... Is the distribution over?🔥🔥

$BNT printed a low of $0.2940 on the 18th amid hysterical selling volume of 100K, then quickly bounced to $0.3180 on the 21st with buying volume of 95K = a fake V-shape for distribution.

Now the price is $0.3061, down -3.07%, with weak volume of 20.74K, consolidating above $0.3030.
The 4h trend is neutral-to-bearish, having failed to hold above $0.3158.

Trading plan:
Direction: SHORT from resistance

Entry: $0.3110 - $0.3140
Stop loss: $0.3195
Targets:
1: $0.3050
2: $0.300
3: $0.2940

Buy scenario: only if it holds above $0.318 on the 4h, with a target of $0.325
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