$BANANAS31 has rallied back into a key supply zone where sellers may regain control and trigger the next move to the downside.
Trading Plan – Short $BANANAS31
Entry: 0.0080 – 0.0083
Stop Loss: 0.0088
Take Profit Targets:
TP1: 0.0077
TP2: 0.0074
TP3: 0.0070
The recent recovery has pushed price back into a strong resistance area that previously attracted selling pressure. Despite the rebound, the move still appears to be corrective within the broader bearish structure, while liquidity remains positioned below the recent swing lows. If buyers fail to establish acceptance above resistance, the setup favors another bearish rotation toward the outlined take-profit targets.
Stay disciplined, manage your risk carefully, and follow the trading plan.
DYOR (Do Your Own Research).
Trading Plan – Short $BANANAS31
Entry: 0.0080 – 0.0083
Stop Loss: 0.0088
Take Profit Targets:
TP1: 0.0077
TP2: 0.0074
TP3: 0.0070
The recent recovery has pushed price back into a strong resistance area that previously attracted selling pressure. Despite the rebound, the move still appears to be corrective within the broader bearish structure, while liquidity remains positioned below the recent swing lows. If buyers fail to establish acceptance above resistance, the setup favors another bearish rotation toward the outlined take-profit targets.
Stay disciplined, manage your risk carefully, and follow the trading plan.
DYOR (Do Your Own Research).