$BAND : Short Liquidation Sparks Bullish Potential!
$10.23K in shorts liquidated at $0.064, indicating bullish momentum is building. Banano ($BAND ) is showing signs of strength, presenting an exciting opportunity for a potential upward move.
Key Levels to Watch
Support Zone: $0.062 - $0.064 (critical base for stability).
Resistance Zone: $0.068 - $0.070 (key breakout area).
Potential Targets After Breakout:
1. $0.072 (short-term).
2. $0.080 (medium-term).
3. $0.090 (long-term).
Trading Plan for $BAND
Buy Zone
Dip Entry: $0.062 - $0.064 (near support).
Breakout Entry: Add positions above $0.068 after confirmation.
Targets
1. Target 1: $0.072
2. Target 2: $0.080
3. Target 3: $0.090
Stop Loss
Stop Loss Level: $0.060 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If BAN holds above $0.064 and breaks $0.068, expect a rally toward $0.072 and beyond.
2. Bearish Scenario:
A fall below $0.060 could lead to further downside, so avoid buying at that level.
💡 Tips:
Volume Confirmation: Ensure strong buying volume during the breakout above $0.068.
Risk Management: Use a tight stop loss and maintain disciplined position sizing.
BAN looks ready for its next move—Be prepared for the action! 🎯