$BANK Short Setup 📉 - Rejection After Dump
Entry: 0.0365 – 0.0372 (retest of breakdown level)
Current Price: 0.03588
🎯 TP1: 0.03500
🎯 TP2: 0.03438 (24h Low)
🎯 TP3: 0.03300 (next support)
🛑 Stop Loss: 0.03780
Reason:
BANK is getting destroyed. -6.34% Today, -83.33% 30D, -32.70% 1Y
Rejected hard at 0.03943 24h High. Formed a lower high and now dumping
Structure: Bearish. Pump to 0.0396 → now selling off with red candles
Volume: 715.74M BANK 24h Vol + 26.67M USDT. Selling volume is strong
Orderbook 41% bids vs 59% asks. Sellers in control
Just lost 0.03706 support. Now flipping it to resistance
Key Levels:
Break 0.03438 → targets 0.033 → 0.031
Reclaim 0.03780 → targets 0.039 → 0.03943
⚠️ If price reclaims 0.03780, setup is invalid. Could squeeze to 0.0394
This is a fade the bounce trade. Don't marry the short.
DYOR & manage risk. Take profit at TP1
Lorenzo Protocol dumping after the run. Watch 0.03438 closely.
Entry: 0.0365 – 0.0372 (retest of breakdown level)
Current Price: 0.03588
🎯 TP1: 0.03500
🎯 TP2: 0.03438 (24h Low)
🎯 TP3: 0.03300 (next support)
🛑 Stop Loss: 0.03780
Reason:
BANK is getting destroyed. -6.34% Today, -83.33% 30D, -32.70% 1Y
Rejected hard at 0.03943 24h High. Formed a lower high and now dumping
Structure: Bearish. Pump to 0.0396 → now selling off with red candles
Volume: 715.74M BANK 24h Vol + 26.67M USDT. Selling volume is strong
Orderbook 41% bids vs 59% asks. Sellers in control
Just lost 0.03706 support. Now flipping it to resistance
Key Levels:
Break 0.03438 → targets 0.033 → 0.031
Reclaim 0.03780 → targets 0.039 → 0.03943
⚠️ If price reclaims 0.03780, setup is invalid. Could squeeze to 0.0394
This is a fade the bounce trade. Don't marry the short.
DYOR & manage risk. Take profit at TP1
Lorenzo Protocol dumping after the run. Watch 0.03438 closely.