$BANK still looks heavy after failing to recover from the previous breakdown. Price is around 0.0375, down about 9.20%, and still trading under all major moving averages. I would avoid chasing a short near the low, but if it bounces into resistance and fails, the short setup looks cleaner.
Bias: Short on bounce
Entry zone: 0.0385 to 0.0405
Stop: above 0.0418
TP1: 0.0359
TP2: 0.0345
TP3: 0.0320 to 0.0300 if selling pressure continues
The key rejection zone for me is 0.0405 to 0.0418. If BANK bounces there and fails, sellers still look in control. If it reclaims 0.0431 with strong volume, I’d cancel the short idea because that would put price back above MA7 and could trigger a relief bounce.
Bias: Short on bounce
Entry zone: 0.0385 to 0.0405
Stop: above 0.0418
TP1: 0.0359
TP2: 0.0345
TP3: 0.0320 to 0.0300 if selling pressure continues
The key rejection zone for me is 0.0405 to 0.0418. If BANK bounces there and fails, sellers still look in control. If it reclaims 0.0431 with strong volume, I’d cancel the short idea because that would put price back above MA7 and could trigger a relief bounce.