📊 Trading recommendation: $BANANA / USDT (Spot)
🎯 Entry zone: $3.98 - $4.01
(Current price when the photo was taken: $4.003)
🎯 Targets (Take Profit):
First target: $4.09 (testing the nearby resistance)
Second target: $4.14 (MA 99 moving average level)
Third target: $4.17 (testing the most recent high)
🛑 Stop Loss: $3.94
(closing the 1-hour candle below the last low at $3.970)
⚖️ Risk management: It is recommended not to exceed 3% to 5% of the total capital in the trade.
Technical analysis notes (1-hour timeframe):
Support level: The price bounced off a local low at $3.970, showing an initial rebound.
Near resistance: The price is moving below the moving averages MA(7) at $4.023 and MA(25) at $4.035; breaking above these levels and holding above them confirms bullish momentum toward the targets.
Order book: Relative strength is in favor of buy orders at 60.55% compared to sell orders.
Warning: This analysis is based on the data shown in the attached chart and is for educational and guidance purposes only. Trading involves risk, and you must always follow the stop loss.
🎯 Entry zone: $3.98 - $4.01
(Current price when the photo was taken: $4.003)
🎯 Targets (Take Profit):
First target: $4.09 (testing the nearby resistance)
Second target: $4.14 (MA 99 moving average level)
Third target: $4.17 (testing the most recent high)
🛑 Stop Loss: $3.94
(closing the 1-hour candle below the last low at $3.970)
⚖️ Risk management: It is recommended not to exceed 3% to 5% of the total capital in the trade.
Technical analysis notes (1-hour timeframe):
Support level: The price bounced off a local low at $3.970, showing an initial rebound.
Near resistance: The price is moving below the moving averages MA(7) at $4.023 and MA(25) at $4.035; breaking above these levels and holding above them confirms bullish momentum toward the targets.
Order book: Relative strength is in favor of buy orders at 60.55% compared to sell orders.
Warning: This analysis is based on the data shown in the attached chart and is for educational and guidance purposes only. Trading involves risk, and you must always follow the stop loss.
