$BANANA

/USDT Technical Analysis & Trade Signals

Current Price: $66.63 (-3.89%)

Momentum: Bearish

Trade Momentum

Short-Term Trend: Downward

Price below Moving Averages (MA & EMA).

Bollinger Bands indicate increasing volatility.

MACD shows bearish crossover.

Parabolic SAR: Positioned above price, confirming a downtrend.

Trade Signals

1. Entry Point: $65.00 (on pullback or support test).

2. Stop Loss: $63.50 (below recent low).

Targets

1. 🎯 Target 1: $68.00 (short-term resistance).

2. 🎯 Target 2: $70.50 (medium-term resistance).

3. 🎯 Target 3: $73.00 (long-term resistance).

Recommendation:

For long trades, wait for a reversal signal (MACD crossover or price above EMA).

For short trades, consider selling rallies near $68.00.

Monitor volume and momentum for confirmation.

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