$BNX $BNX Here's what I see in the trading chart for the $BNX /USDT pair on Binance:

### Professional Analysis

#### Support and Resistance Levels

- **Support Level:** $0.5923 (24h Low)

- **Resistance Level:** $0.7200 (24h High)

#### Entry Signal

- **Entry Point:** $0.6330 (current price)

- **Stop Loss:** $0.5923 (below the support level)

- **Take Profit:** $0.7200 (resistance level)

### Detailed Analysis

1. **Current Price and Trend:** The current price of BNX/USDT is $0.6330, showing a significant drop of 11.86%. The overall trend is downward, as indicated by the price movement and the moving averages.

2. **Volume Analysis:** The volume bars show increased trading activity, especially during the price drop, indicating strong selling pressure.

3. **Moving Averages:** The MA(5) and MA(10) values are significantly higher than the current price, reinforcing the downward trend.

### Strategy

- **Entry Point:** Consider entering at the current price of $0.6330 if the price shows signs of stabilization or reversal.

- **Stop Loss:** Set a stop loss at $0.5923 to limit potential losses.

- **Take Profit:** Aim for a take profit at $0.7200, which is the recent resistance level.

This analysis provides a clear strategy for trading BNX/USDT based on the current chart data. Trade smart! 📉📈

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