$BANANA
/USDT Technical Analysis & Trade Strategy for PullBack ๐ ๐
Current Price: $47.01
24h High: $50.00 | 24h Low: $46.38
Trade Scenarios & Targets
1. Bullish Breakout (Price above $47.50)
Target ๐ฏ 1: $48.50 (First resistance)
Target ๐ฏ 2: $49.50 (Next resistance)
Target ๐ฏ 3: $50.00 (24h High)
Stop Loss: Below $46.00 (Recent low)
Momentum: Look for RSI above 55 and volume increase on breakout.
2. Bearish Breakdown (Price below $46.38)
Target ๐ฏ 1: $46.00 (Support zone)
Target ๐ฏ 2: $45.00 (Next support)
Target ๐ฏ 3: $44.00 (Deeper downside)
Stop Loss: Above $47.50 (Resistance)
Momentum: Watch for RSI below 40 and rising sell volume.
3. Range-Bound Play (Consolidation between $46.38โ$50.00)
Target ๐ฏ 1: $47.50 (Resistance within range)
Target ๐ฏ 2: $48.50 (Mid-range resistance)
Target ๐ฏ 3: $46.50 (Support within range)
Stop Loss: Below $46.00
Momentum: Buy near support, sell near resistance. Keep it tight in range.
Trade Tips:
Volume: Confirm breakouts or breakdowns with increased volume.
Risk Management: Use stop-loss orders to secure profits and minimize risks.
Timeframe: Focus on 15m for quick trades, 4h for trend-following setups.
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