The cryptocurrency market is showing positive signals, and $BANANA is one of the promising coins to pay attention to at this moment. Below is a detailed trading strategy with an attractive risk/reward ratio, suitable for both short-term and long-term investors.
✅ Recommended Buy Zone (Entry Zone)
📌 Buy around the price range: $24.80 – $26.00
This is the ideal entry price zone, balancing low risk and high profit potential. Buying in this area gives you a good position before the price is likely to rise sharply.
🛡 Stop-Loss Point
❌ Set at $23.10
Setting a stop-loss is mandatory in every investment strategy to protect capital against unexpected market fluctuations. The level of $23.10 is determined based on the nearest technical support threshold.
🎯 Profit Target (Take-Profit Targets)
Target 1: $27.00
👉 When reaching this milestone, move the stop-loss to the entry point to ensure capital safety.
Target 2: $28.50
👉 Start taking some profits, keep the remaining part to take advantage of the uptrend.
Target 3: $30.00 🚀
👉 Maximum target in the short-term strategy. If buying pressure is strong, the possibility of breaking the peak is feasible.
📊 Estimated Risk/Reward Ratio: ~3:1
A strategy with much lower risk compared to profit potential — an attractive choice for disciplined investors.
🔄 Strategy Notes
After reaching Target 1, adjust the stop-loss to the entry price to ensure no loss.
Do not go all in, allocate capital reasonably, and divide positions.
Observe volume and buying/selling pressure to make decisions on holding or taking profit.
⚠️ Important Note
This is not financial advice. All trades carry risks and the market can be highly volatile. Always DYOR (Do Your Own Research) before deciding to invest.