technical analysis and trade signal for the $BANANA /USDT pair, based on the current market data:

Technical Analysis:

Current Price: $37.44

24h High: $40.31

24h Low: $36.23

The price of BANANA has been fluctuating between $36.23 and $40.31, indicating a range-bound structure in the short term. The recent slight upward movement of +0.59% suggests some bullish momentum, but caution is advised due to the overall market volatility.

Key Support Levels:

$36.23: Recent low, strong support zone.

$37.00: A potential minor support if price retests downward.

Key Resistance Levels:

$40.00-$40.31: Near the 24h high, a critical resistance zone.

Trade Momentum: The momentum is slightly bullish as we see a small upward movement (+0.59%), but it is currently within a range. The market is indecisive, which suggests a potential breakout or consolidation.

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Trade Signal & Targets 🎯

Trade Setup: Bullish Momentum with Caution

Stop-Loss: Below $36.23 (around $35.80 to minimize risk)

Target Levels:

1. Target 1: $39.00 - If the price breaks above the $37.80-$38.00 resistance, it may rise towards $39.00.

2. Target 2: $40.00 - Psychological level that may act as a significant resistance.

3. Target 3: $41.50 - If the bullish momentum continues, this is the next potential resistance.

Trade Momentum:

The current momentum shows mild bullish pressure, but the price is facing resistance around $40.31. A break above this resistance could lead to a continuation of the bullish trend, but it's essential to monitor for potential reversals at key levels.

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