$BANK It only takes a look—its momentum to break through the mid-Bollinger band looks very strong, yet you might not notice that the Bollinger Band channel is opening upward and expanding. In combination with the MACD red histogram steadily increasing, this bullish-controlled breakout pattern—do you dare to enter and go long?
$BANK - More
Trading Plan:
Entry: 0.0405 - 0.0412
Stop Loss (SL): 0.0380
Target 1 (TP1): 0.0420
Target 2 (TP2): 0.0450
Target 3 (TP3): 0.0470
Why go long?
Price has firmly held above the Bollinger Band middle rail and is simultaneously putting pressure on the upper rail with increasing volume. At the same time, the MACD indicator has just completed a golden cross and continues to print red bars, indicating that bullish capital is actively concentrating. The structure at the bottom of 0.0327 has been tested and consolidated repeatedly, making it relatively solid. As long as the defensive line at 0.0380 is not broken down on heavy volume, the momentum of this high-volume breakout will most likely continue to drive the price toward the outer edge of the upper band and expand into the previous high area around 0.0470. The risk-reward ratio for going long in line with the trend is still quite good.
Click here to trade👇
$BANK - More
Trading Plan:
Entry: 0.0405 - 0.0412
Stop Loss (SL): 0.0380
Target 1 (TP1): 0.0420
Target 2 (TP2): 0.0450
Target 3 (TP3): 0.0470
Why go long?
Price has firmly held above the Bollinger Band middle rail and is simultaneously putting pressure on the upper rail with increasing volume. At the same time, the MACD indicator has just completed a golden cross and continues to print red bars, indicating that bullish capital is actively concentrating. The structure at the bottom of 0.0327 has been tested and consolidated repeatedly, making it relatively solid. As long as the defensive line at 0.0380 is not broken down on heavy volume, the momentum of this high-volume breakout will most likely continue to drive the price toward the outer edge of the upper band and expand into the previous high area around 0.0470. The risk-reward ratio for going long in line with the trend is still quite good.
Click here to trade👇