$BAN Under Heavy Selling Pressure 28.6x Unusual Sell Volume
A massive wave of selling has hit BAN, signaling aggressive distribution and a sharp shift in short-term market sentiment. Unless buyers reclaim key resistance, the path of least resistance remains to the downside.
My primary expectation is for price to retest the 0.07485–0.07548 resistance zone. If sellers defend this area with strong bearish confirmation such as a bearish engulfing candle, pin bar, or repeated lower-timeframe rejection, it could present a high-probability short opportunity.
Downside targets are 0.07322, followed by 0.07054 if selling pressure continues.
For traders looking to enter, patience is key. Either wait for a weak relief rally into the resistance zone before considering shorts, or watch for a liquidity sweep below 0.07322 followed by a strong bullish reversal candle for a higher-risk scalp trade.
If price breaks above 0.07548 and holds with convincing bullish momentum, the bearish outlook weakens significantly. That would suggest the recent selloff was likely a liquidity grab rather than true distribution.
#Crypto #Trading #Altcoins #Binance #PriceAction $BAN
A massive wave of selling has hit BAN, signaling aggressive distribution and a sharp shift in short-term market sentiment. Unless buyers reclaim key resistance, the path of least resistance remains to the downside.
My primary expectation is for price to retest the 0.07485–0.07548 resistance zone. If sellers defend this area with strong bearish confirmation such as a bearish engulfing candle, pin bar, or repeated lower-timeframe rejection, it could present a high-probability short opportunity.
Downside targets are 0.07322, followed by 0.07054 if selling pressure continues.
For traders looking to enter, patience is key. Either wait for a weak relief rally into the resistance zone before considering shorts, or watch for a liquidity sweep below 0.07322 followed by a strong bullish reversal candle for a higher-risk scalp trade.
If price breaks above 0.07548 and holds with convincing bullish momentum, the bearish outlook weakens significantly. That would suggest the recent selloff was likely a liquidity grab rather than true distribution.
#Crypto #Trading #Altcoins #Binance #PriceAction $BAN