$BANANA /USDT Technical Analysis & Trade Signal

Current Price: $42.62 (+9.25%)

Trend: Bullish (Significant price surge in the last 24 hours)

Market Overview

24h High: $45.56

24h Low: $38.62

24h Volume (BANANA): 289,744.27

24h Volume (USDT): $12.17M

Support & Resistance Levels

Immediate Support: $41.00 (Recent pullback zone)

Strong Support: $38.62 (24h Low)

Immediate Resistance: $45.56 (24h High)

Major Resistance: $48.00 (Potential breakout level)

Trade Signal

Entry Point: $42.00-$43.00 (On a pullback or confirmation of upward trend)

Targets šŸŽÆ:

1. Target 1: $44.50 (Short-term resistance near recent high)

2. Target 2: $46.50 (Next resistance zone)

3. Target 3: $48.00 (Key psychological and technical resistance level)

Stop Loss: $40.00 (Below immediate support to manage risk)

Momentum Analysis:

15m Momentum: Bullish (+17.14%)

4h Momentum: Bullish (+10.70%)

Daily Momentum: Strong Bullish (+9.25%, indicating sustained buying interest)

Trading Strategy:

Short-term traders: Exit near Target 1 ($44.50) with tight stop-loss for quick profits.

Mid-term traders: Trail stop-loss towards Target 2 ($46.50) as momentum sustains.

Long-term traders: Hold for Target 3 ($48.00) if the price breaks above $45.50 with strong volume.

šŸ“Š Risk Management: Maintain strict stop-loss levels and monitor trading volume. Breakout above $45.56 with increased volume could trigger rapid upward movement.

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