$BANK USDT is still under pressure. My short from 0.3597494 is working. Price dropped to 0.3348300 and stayed below the entry. That usually means sellers are still defending the overhead supply. 📉
This move makes sense technically. The market is failing to reclaim resistance. Every bounce is getting sold. That is weak structure. ⚡
Downside watchlist: 0.3300 0.3220 0.3150
Invalidation: A strong reclaim above 0.3600. If that happens with volume, the short idea weakens. 🔥
RSI is the first thing I would watch. Below 50 usually keeps momentum weak. Lower highs on RSI can confirm selling pressure. From a smart-money view, a failed reclaim after a liquidity sweep can lead to continuation lower. 🎯
BANK is the token of Lorenzo Protocol, which Binance describes as an on-chain asset-management project with products like stBTC and enzoBTC; live market pages currently show BANK trading in the mid-$0.33 area with strong volume.