🔥 BNX Rising Wedge Bounce Trade
BNX / TetherUS BINANCE:BNXUSDT
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!
