$BANK – Bearish Supply Zone Setup ⚠️
Short $BANK
Entry: 0.03891 – 0.03969
SL: 0.0430
Take Profit:
TP1: 0.0381
TP2: 0.0373
TP3: 0.0366
$BANK is retesting a key supply zone after the latest recovery began to fade. The rebound has pushed price into resistance, where sellers may be absorbing demand. If buyers fail to extend the recovery and supply continues to hold, the next rotation could sweep toward the lower support levels.
Trade Management
Wait for bearish confirmation or a clear rejection within the entry zone before entering.
Consider moving the stop-loss to breakeven after TP1 if downside momentum strengthens.
Scale out at each target while leaving a portion open for TP3.
Risk Note
The bearish setup remains valid while price stays below 0.0430. A decisive breakout above this level would invalidate the short thesis and could signal renewed bullish momentum.
Debate: Will sellers defend the supply zone and push BANK toward 0.0362, or will buyers reclaim resistance?
Bearish continuation remains favored while resistance holds. ⚠️
Trade $BANK here 👇
DYOR
Short $BANK
Entry: 0.03891 – 0.03969
SL: 0.0430
Take Profit:
TP1: 0.0381
TP2: 0.0373
TP3: 0.0366
$BANK is retesting a key supply zone after the latest recovery began to fade. The rebound has pushed price into resistance, where sellers may be absorbing demand. If buyers fail to extend the recovery and supply continues to hold, the next rotation could sweep toward the lower support levels.
Trade Management
Wait for bearish confirmation or a clear rejection within the entry zone before entering.
Consider moving the stop-loss to breakeven after TP1 if downside momentum strengthens.
Scale out at each target while leaving a portion open for TP3.
Risk Note
The bearish setup remains valid while price stays below 0.0430. A decisive breakout above this level would invalidate the short thesis and could signal renewed bullish momentum.
Debate: Will sellers defend the supply zone and push BANK toward 0.0362, or will buyers reclaim resistance?
Bearish continuation remains favored while resistance holds. ⚠️
Trade $BANK here 👇
DYOR