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$BANANA Setup: Is the Bot Season Reloading? Key Zones Inside! 🔫
Banana Gun (
$BANANA ) is currently respecting a tight consolidation range. While the broader trend is cooling off, the $6.00 psychological level is acting as a major defense line. Here is the intraday plan:
📊 Technical Outlook (4H Chart)
Trend: Neutral / Range-Bound ↔️
Pattern: Symmetrical Triangle Compression. Volatility is squeezing, expecting a move soon.
Momentum: RSI is resetting near 40-45 (Neutral), giving room for a pump.
🎯 Trade Setup (Long)
Entry Zone: $6.05 - $6.25 (Snipe the support bounce).
Target 1 (TP1): $6.85 (Local resistance).
Target 2 (TP2): $7.40 (Upper channel range).
Target 3 (TP3): $8.15 (Breakout territory).
Stop Loss (SL): $5.75 (Strict stop below recent wicks).
💡 Why Watch?
Trading volumes on Telegram bots often spike when the market gets choppy (users sniping meme coins). If meme volume returns this week,
$BANANA revenue share becomes attractive again.
⚠️ Risk: High volatility. If $5.80 breaks, we likely test ATL near $5.15.
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