$BANANAS31 is approaching a major resistance zone after an impressive rebound, making this a high-probability area where bullish momentum could begin to fade and sellers may step back into the market.
Trading Plan (Short) – $BANANAS31
Entry: 0.0092 – 0.0095
SL: 0.0105
TP1: 0.0088
TP2: 0.0082
TP3: 0.0074
The recent rally has pushed price into a critical supply area that could trigger profit-taking from early buyers and attract fresh short positions. If bulls fail to maintain control and volume starts to weaken, the chances of a deeper pullback increase significantly.
This resistance zone will be crucial to watch, as rejection from current levels could open the door for a move toward the listed downside targets. Manage risk carefully and avoid overexposure while the market tests this key area.
DYOR.
Trading Plan (Short) – $BANANAS31
Entry: 0.0092 – 0.0095
SL: 0.0105
TP1: 0.0088
TP2: 0.0082
TP3: 0.0074
The recent rally has pushed price into a critical supply area that could trigger profit-taking from early buyers and attract fresh short positions. If bulls fail to maintain control and volume starts to weaken, the chances of a deeper pullback increase significantly.
This resistance zone will be crucial to watch, as rejection from current levels could open the door for a move toward the listed downside targets. Manage risk carefully and avoid overexposure while the market tests this key area.
DYOR.