🔥 BNX Rising Wedge Bounce Trade

BNX / TetherUS BINANCE:BNXUSDT

FieryTrading

BNX has been one of the major gaines of the last couple of days. During this period of high volatility , a rising wedge pattern has emerged on the chart. Classically, these patters are bearish patterns. However, I find it too early to call for a bearish reversal when looking at the current market.

For now, I’m looking at the lower support of the wedge . In case the price falls to that area, we might see another strong move upward to the top of the pattern.

Happy trading!

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