- BNF is currently trading at 50,457 up 5.76%
- BNF has shown some strong recovery post the major drawdown
- BNF is currently trading near a strong POI, if BNF fails to flip this zone to 50,600 and continues to drop then we will enter another distribution mitigating 46,000
- Two paths drawn shows the possible price paths for BNF
- Green path signifies flip above the MSS and weekly candle close above it and we move towards the next high liquid zone sitting at 52,000 to fill the inefficiencies above
The red path shows we will flip above the MSS deviate and fall below harder
- BNF has shown some strong recovery post the major drawdown
- BNF is currently trading near a strong POI, if BNF fails to flip this zone to 50,600 and continues to drop then we will enter another distribution mitigating 46,000
- Two paths drawn shows the possible price paths for BNF
- Green path signifies flip above the MSS and weekly candle close above it and we move towards the next high liquid zone sitting at 52,000 to fill the inefficiencies above
The red path shows we will flip above the MSS deviate and fall below harder
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