$BANK /USDT Short Analysis (Brief):
The setup is based on continued selling pressure after a key support breakdown. Although the 15m RSI is oversold, this does not confirm a reversal; it may indicate a bull trap within a bearish 4H structure.
* Entry Zone: 0.05294 – 0.05350 as a possible retest area after the breakdown.
* Stop Loss: 0.06233 to protect against a bullish recovery.
* Targets:
* TP1: 0.04638 (first profit-taking zone)
* TP2: 0.04183
* TP3: 0.03500 if bearish momentum continues.
Conclusion:
The bearish scenario remains valid as long as $BANK stays below 0.0535. A confirmed 4H close below 0.0529 would strengthen the short setup, but traders should watch for a possible short-term bounce due to oversold conditions.
The setup is based on continued selling pressure after a key support breakdown. Although the 15m RSI is oversold, this does not confirm a reversal; it may indicate a bull trap within a bearish 4H structure.
* Entry Zone: 0.05294 – 0.05350 as a possible retest area after the breakdown.
* Stop Loss: 0.06233 to protect against a bullish recovery.
* Targets:
* TP1: 0.04638 (first profit-taking zone)
* TP2: 0.04183
* TP3: 0.03500 if bearish momentum continues.
Conclusion:
The bearish scenario remains valid as long as $BANK stays below 0.0535. A confirmed 4H close below 0.0529 would strengthen the short setup, but traders should watch for a possible short-term bounce due to oversold conditions.