$BANANAS31 Ready for a bounce?😁 🍌
We’ve had a brutal few weeks on this one, but looking at the daily chart, something is finally catching my eye.
After that massive pump in August, we bled all the way back down to reality.
But looking at the chart right now, the price is tapping into a major support floor around 0.00650.
The volume has been completely dead for a month, which usually means the sellers are exhausted. If the bulls can step in here, we could see a relief rally back up.
Here is the setup I’m watching:
📍 Entry: Current price zone (0.00650 - 0.00655).
Wait for a 15m or 1h candle close above 0.00655 to confirm momentum.
🛑 Stop Loss: 0.00615. If we break the recent lows, this trade is invalidated and we dip further.
🎯 Take Profit 1: 0.00720 (First major resistance)
🎯 Take Profit 2: 0.00800 (Previous consolidation zone)
$BANANAS31
We’ve had a brutal few weeks on this one, but looking at the daily chart, something is finally catching my eye.
After that massive pump in August, we bled all the way back down to reality.
But looking at the chart right now, the price is tapping into a major support floor around 0.00650.
The volume has been completely dead for a month, which usually means the sellers are exhausted. If the bulls can step in here, we could see a relief rally back up.
Here is the setup I’m watching:
📍 Entry: Current price zone (0.00650 - 0.00655).
Wait for a 15m or 1h candle close above 0.00655 to confirm momentum.
🛑 Stop Loss: 0.00615. If we break the recent lows, this trade is invalidated and we dip further.
🎯 Take Profit 1: 0.00720 (First major resistance)
🎯 Take Profit 2: 0.00800 (Previous consolidation zone)
$BANANAS31