$BANANA Trading Strategy
Entry Points
Pullback Entry: Enter near $62.70 if the price pulls back to this level and finds support.
Breakout Entry: Buy above $64.85 if the price breaks the resistance level with high volume.
Exit Points
Take profits near $66.00 and $68.00 to secure gains.
Use a trailing stop to ride the uptrend if the breakout sustains.
Stop-Loss Placement
Place a stop-loss below $60.00 (major moving average and psychological support).
This ensures you limit potential losses if the trend reverses.
Support and Resistance Levels
Support: $62.68 (recent minor pullback level).
Resistance: $64.83 (current 24-hour high).
The next significant resistance level could be identified from past chart data (if available) or by monitoring breakout volume above $64.83.
Example Trade Plan
Entry 1: $62.70 (on a pullback with strong support).
Entry 2: $64.85 (on breakout confirmation).
Take Profit Levels: $66.00 and $68.00.
Stop-Loss: $60.00.
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