📢
$BAN / $USDT | 🔴 SHORT | ⭐ 73.4%
🎯 Objective: $0.06828. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.07018
🛑 Stop Loss: $0.07118
🏁 TP1: $0.06828
🏁 TP2: $0.06718
📉 Analysis:
The market structure on
$BAN shows a bearish confirmation after the Triple Top pattern failed, aligning with an established downtrend where the 20 and 50 EMAs act as dynamic resistance. The ADX at 28.79 confirms active bearish trend strength, while the bearish MACD cross (momentum indicator) and the RSI at 38.03 (weakness zone) support the prevailing selling pressure. Price is trading below the VAL (minimum value of the high-volume zone) of $0.070851, suggesting a lack of buyer interest and a high probability of testing the immediate support at $0.068977.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
The invalidation level is set at the Stop Loss above the EMA20, where the bearish thesis would lose strength if liquidity recovers. Validating this move depends on a sustained break of the current support with an increase in trading volume.
Do you think the current absorption volume is enough to break the $0.068977 support?
💡 This analysis is educational and not financial advice. Research on your own and decide calmly.
#crypto #BAN #trading #Futures #Bearish