$BANANAS31 BRUTAL SELL-OFF, BUT A BOUNCE IS BREWING?
BANANAS31 is trading at $0.004823, down over -12% today after a steep drop from the $0.0060 zone. The price is now consolidating in a tight range, showing early signs of a potential relief bounce—but resistance remains heavy above.
Key Levels to Watch:
• Resistance: $0.005050 – A break above this could confirm a short-term reversal.
• Support: $0.004650 – Losing this level could trigger another leg down.
Trade Setup – Catch the Dead Cat or the Bounce?
Bullish Scenario:
• Entry Trigger: Break and hold above $0.005050
• Target 1 (TP1): $0.00530
• Target 2 (TP2): $0.00560
Bearish Scenario:
• Entry Trigger: Break below $0.004650
• Target 1 (TP1): $0.00430
• Target 2 (TP2): $0.00400
Stop-Loss (Risk Control):
• Longs: Below $0.004650
• Shorts: Above $0.005050
Volume Insight: 9.05M – significant trader interest despite the sell-off. Look for a shift in volume to confirm direction.