Not gonna lie, $BANANAS31 just had a pretty brutal flush.
Price dropped from around 0.0058 all the way to 0.003761, then buyers finally stepped in. Now we're seeing a decent bounce towards 0.00448.
But is this an actual recovery or just a relief bounce?
I'm watching the 4H chart closely.
MA(7) is around 0.004175, while MA(25) is still sitting near 0.005057. So the bigger trend hasn't flipped bullish yet.
My plan on $BANANAS31 :
Watching 0.00430 – 0.00440 for a possible retest.
Resistance: 0.00465 – 0.00469
If buyers break that zone, next levels are 0.00485 and 0.00505.
Invalidation below 0.00410. Losing that could bring another visit to 0.003761.
I'm not chasing this green candle. Let the market show its hand first.
What do you think — is $BANANAS31 preparing for a proper recovery, or is this just another bounce before the next leg down?
#BANANAS31 #CryptoTrading #Altcoins #BinanceSquare
Price dropped from around 0.0058 all the way to 0.003761, then buyers finally stepped in. Now we're seeing a decent bounce towards 0.00448.
But is this an actual recovery or just a relief bounce?
I'm watching the 4H chart closely.
MA(7) is around 0.004175, while MA(25) is still sitting near 0.005057. So the bigger trend hasn't flipped bullish yet.
My plan on $BANANAS31 :
Watching 0.00430 – 0.00440 for a possible retest.
Resistance: 0.00465 – 0.00469
If buyers break that zone, next levels are 0.00485 and 0.00505.
Invalidation below 0.00410. Losing that could bring another visit to 0.003761.
I'm not chasing this green candle. Let the market show its hand first.
What do you think — is $BANANAS31 preparing for a proper recovery, or is this just another bounce before the next leg down?
#BANANAS31 #CryptoTrading #Altcoins #BinanceSquare
