$BANANA /USDT Trading Signal - Retesting Key Support
Current Price: $44.46 (+1.23%)
24h High: $45.68
24h Low: $43.59
24h Volume: 85,527.88 BANANA
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Market Overview
$BANANA has approached $45.68 but is now consolidating just above the $44.00 support zone. This presents an opportunity for either a breakout or a deeper pullback.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $44.20 - $44.60
Targets:
T1: $45.00
T2: $46.00
T3: $47.50
Stop Loss: $43.50
Bearish Scenario:
Entry Zone: Below $44.00
Targets:
T1: $43.00
T2: $41.50
Stop Loss: $44.50
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Technical Insights
MACD: Bearish momentum increasing, signaling caution for longs.
RSI: Neutral, indicating balance between buyers and sellers.
Support Levels: $44.00 and $43.00.
Resistance Levels: $45.68 and $47.00.
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Strategy Recommendations
Place tight stop-losses to mitigate risks as volatility could increase.
A breakout above $45.68 could lead to higher gains, while failure to hold $44.00 may trigger further downside.
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