/USDT Technical Analysis: The BANK price is testing a key support zone on the 15-minute chart, showing signs of weakening momentum. With a series of lower highs and consistent selling pressure, the market is at risk of further downside if buyers don't step in soon. Short-term traders should be vigilant as we approach this critical level, as a failure to hold here could lead to an extended drop.
Trade Setup:
Entry Zone: 0.0512 – 0.0518 USDT
Take-Profit Targets:
Target 1: 0.0526 USDT (First resistance level)
Target 2: 0.0534 USDT (Next resistance level)
Stop-Loss: 0.0508 USDT (Risk management level)
Key Considerations:
Watch for potential support rejection or price consolidation around the entry zone.
If momentum shifts, price could bounce toward higher targets. If not, expect further downside action before any recovery.