Trading Plan Short $BANK
$BANK got rejected hard from 0.03939 resistance after a retest.
Entry: $0.03850-$0.03900
Stoploss: $0.03990
Targets: $0.03750 / $0.03550 / $0.03250
BANK is trending strong bear on 1H, 4H also bear. Sellers aggressive on taker volume. Longs are still crowded, 1.57 L/S ratio, ripe for a flush. Funding is neutral but basis is contracting, showing weakness. BB width squeezing, usually precedes a move. Reclaim $0.03990, short voided.
Trade $BANK here
$BANK got rejected hard from 0.03939 resistance after a retest.
Entry: $0.03850-$0.03900
Stoploss: $0.03990
Targets: $0.03750 / $0.03550 / $0.03250
BANK is trending strong bear on 1H, 4H also bear. Sellers aggressive on taker volume. Longs are still crowded, 1.57 L/S ratio, ripe for a flush. Funding is neutral but basis is contracting, showing weakness. BB width squeezing, usually precedes a move. Reclaim $0.03990, short voided.
Trade $BANK here