📈 Short-Term Trading Strategy for BANANA (15–30 Minute Chart)

🔹 Market Overview

Current Price: ~$0.30 USD

24H Performance: +11.1%

Recent High: $0.34

Recent Low: $0.11

Trend: High volatility with potential for short-term gains​

✅ Entry Strategy

Breakout Entry: Consider entering a long position if BANANA breaks and sustains above the $0.34 resistance level with strong volume confirmation.

Pullback Entry: If BANANA retraces to the support level around $0.27 and shows signs of a bullish reversal, it may present a buying opportunity.​

🎯 Take-Profit Targets

TP1: $0.38

TP2: $0.42

TP3: $0.45​

🛑 Stop-Loss

SL for Breakout Entry: Below $0.31 to manage downside risk.

SL for Pullback Entry: Below $0.26 to limit potential losses.​

📊 Indicators to Monitor

RSI: Currently around 65, indicating bullish momentum but nearing overbought territory.

MACD: Bullish crossover observed, suggesting upward momentum.

Volume: Rising volume supports the strength of the current trend.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact $BANANA 's price.​