As long as price trades below the resistance zone, the bearish setup remains valid. A break below 0.0148 could accelerate downside momentum toward the target levels.
The recent sell-off appears to have cleared weak hands, while buyers continue defending the support zone. If momentum holds, a recovery toward the target levels becomes increasingly likely.
Bulls have taken control after a clean breakout above key resistance! 🔥
━━━━━━━━━━━━━━━ 📊 MARKET STRUCTURE
🟢 Resistance has flipped into support 🟢 Strong bullish breakout confirmed 🟢 Buyers dominating price action
━━━━━━━━━━━━━━━ 📈 MOMENTUM
⚡ Volume is increasing rapidly ⚡ Buying pressure continues to build ⚡ Order flow has shifted in favor of the bulls
━━━━━━━━━━━━━━━ 🧠 MARKET OUTLOOK
A successful breakout above a well-defended resistance zone often leads to a strong continuation move as momentum traders and breakout buyers enter the market.
As long as the breakout level holds as support, the bullish trend remains intact. A successful retest could provide another opportunity for upside continuation.
━━━━━━━━━━━━━━━
💰 Trade smart. Manage your risk.
👇 Are you already in $BANANA , or waiting for the breakout retest?
Why this setup? 85% confidence on LONG with 4h momentum. RSI 15m at 64.8 shows room to run, not exhaustion. Entry 2.3300 sits just above range support—tight risk, massive asymmetry to TP3 at 2.8170. The 1D trend is sideways, meaning breakout is imminent not fading. $SKL $TAC