#BAND – 4H Technical Analysis
Trend: Bullish in the short term after a strong rebound from 0.1422.
Price: 0.1592, trading above the 7 MA and 25 MA, while testing the 99 MA, which is acting as resistance.
RSI (6): Around 57, showing positive momentum but not yet overbought.
Volume: The recent sharp green candles suggest strong buying interest.
Key Levels
Support: 0.1560–0.1520
Major Support: 0.1490
Resistance: 0.1648
Major Resistance: 0.1677–0.1700
Short Entry Idea
Entry: 0.1635–0.1650 (only if a bearish rejection candle forms)
Stop Loss: 0.1685
Take Profit 1: 0.1560
Take Profit 2: 0.1510
Bullish Scenario If $BAND closes a 4H candle above 0.1650, it could continue toward 0.1677 and possibly 0.1720....
Trend: Bullish in the short term after a strong rebound from 0.1422.
Price: 0.1592, trading above the 7 MA and 25 MA, while testing the 99 MA, which is acting as resistance.
RSI (6): Around 57, showing positive momentum but not yet overbought.
Volume: The recent sharp green candles suggest strong buying interest.
Key Levels
Support: 0.1560–0.1520
Major Support: 0.1490
Resistance: 0.1648
Major Resistance: 0.1677–0.1700
Short Entry Idea
Entry: 0.1635–0.1650 (only if a bearish rejection candle forms)
Stop Loss: 0.1685
Take Profit 1: 0.1560
Take Profit 2: 0.1510
Bullish Scenario If $BAND closes a 4H candle above 0.1650, it could continue toward 0.1677 and possibly 0.1720....