BinaryX (BNX) with stop loss (SL) and take profit (TP) levels based on resistance:đđđâ
Trade Setup:
Entry Point: $1.30â
Stop Loss (SL): $1.20 (just below the support level)
Take Profit (TP): $1.50 (first resistance level)
Resistance Levels: $1.50, $1.60, $1.70
Explanation:
Entry Point: Enter the trade at $1.30, which is a reasonable entry point based on current market conditions.
Stop Loss (SL): Set the stop loss at $1.20 to minimize potential losses if the trade goes against you.
Take Profit (TP): Aim for a take profit at $1.50, which is the first major resistance level1
.
Resistance Levels: If the price breaks through $1.50, there are further resistance levels at $1.60 and $1.70, which can be additional targets.
Additional Tips:
Monitor the Market: Keep an eye on market trends and news that might affect BNX prices.
Adjust SL/TP: Be flexible and adjust your stop loss and take profit levels based on market movements.#Toptrader #Write2Earn! #TradingMadeEasy #moonbix #BNBChainMemecoins $BNX
