$BAND currently trading at $0.4609 (+20% over 24h). Volumes have been increasing for the third consecutive day, the price has confidently bounced off the local bottom of $0.38 and has broken the descending trend line. The RSI on the 4h timeframe is 56.16 – neutral zone, no overheating yet, there is room for continued momentum.
Technically, a bullish pattern "inverted head and shoulders" would have formed with a target of $0.58–$0.62 (an increase of another +26–35% from the current level). The key resistance level is $0.515 – if we close above this, we expect acceleration.
🟢 Bullish scenario (main)
• Entry: bounce/fixation $BAND above $0.465–$0.47
• TP1: $0.515 (+12%)
• TP2: $0.58 (+26%)
• TP3: $0.62 (+35%)
• SL: $0.45 (–3% rounded)
🔴 Bearish scenario
• If we lose $BAND $0.445 – return to $0.40–$0.38
• Short position from $0.46 with SL $0.475 (+3%) and TP $0.40
Volatility is high – we risk a maximum of 1–2% of the deposit! Be sure to move SL to breakeven after +8–10%.
Do you believe in the continuation of the BAND rally or are you waiting for a pullback? Write your goals in the comments! 👇
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