$BANK Searching for a Bottom....‼️
$BANK remains in a long-term downtrend, but price is stabilizing near a key support zone. A confirmed breakout above nearby resistance could trigger a relief rally, while losing current support would keep the bearish trend intact.
Trade Plan
Direction: Long (Confirmation Entry)
Entry: 0.0395 – 0.0405
Target 1: 0.0435
Target 2: 0.0475
Target 3: 0.0520
Stop Loss: 0.0378
The chart is still weak overall, so wait for a confirmed breakout before entering. This setup is higher risk than stronger bullish charts, so position sizing and risk management are essential.
$BANK remains in a long-term downtrend, but price is stabilizing near a key support zone. A confirmed breakout above nearby resistance could trigger a relief rally, while losing current support would keep the bearish trend intact.
Trade Plan
Direction: Long (Confirmation Entry)
Entry: 0.0395 – 0.0405
Target 1: 0.0435
Target 2: 0.0475
Target 3: 0.0520
Stop Loss: 0.0378
The chart is still weak overall, so wait for a confirmed breakout before entering. This setup is higher risk than stronger bullish charts, so position sizing and risk management are essential.