$BANK is still bleeding after the spike completely cooled off. Price is around 0.0396, down about 5.49% in 24h, and the chart is trading under MA7 near 0.0677, which keeps the structure weak. Since it is already close to the daily low at 0.0380, I would not short the bottom. I’d wait for a bounce into resistance first.
Bias: Short on bounce
Entry zone: 0.0405 to 0.0430
Stop: above 0.0465
TP1: 0.0380
TP2: 0.0355
TP3: 0.0320 to 0.0300 if selling pressure continues
The key rejection area for me is 0.0430 to 0.0465. If BANK bounces there and fails, sellers still look in control. If it reclaims 0.0465 with strong volume, I’d cancel the short idea because that could turn into a relief bounce instead.
Bias: Short on bounce
Entry zone: 0.0405 to 0.0430
Stop: above 0.0465
TP1: 0.0380
TP2: 0.0355
TP3: 0.0320 to 0.0300 if selling pressure continues
The key rejection area for me is 0.0430 to 0.0465. If BANK bounces there and fails, sellers still look in control. If it reclaims 0.0465 with strong volume, I’d cancel the short idea because that could turn into a relief bounce instead.