$BANANA /USDT Technical Analysis Report

Current Price: $51.27

Resistance: $66.94

Support: $50.12

Breakout Possibilities:

Long Trade:

- Entry Point:Enter above $66.94 with a confirmed breakout. A confirmed breakout means a candle closes above the resistance level, indicating strong buying pressure.

- Details:Look for an increase in volume to validate the breakout. If the price closes above $66.94 and the volume is higher than average, it suggests a bullish trend. Set a stop loss just below the resistance level to manage risk.

Short Trade:

- Entry Point:Enter below $50.12 with a confirmed breakdown. A confirmed breakdown means a candle closes below the support level, indicating strong selling pressure.

- Details:Monitor the volume to ensure it supports the downward movement. If the price closes below $50.12 and the volume is higher than usual, it indicates a bearish trend. Set a stop loss just above the support level to minimize potential losses.

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