$BANANA /USDT – Bullish Lift-Off Towards Resistance🤔🔐👇
Current Price: $23.81
Chart: 1H & 1D Timeframes
Chart Breakdown📊📉
On the 1H chart, $BANANA has cleanly broken past the BOS (Break of Structure) with strong bullish momentum and higher lows confirmation. It’s now testing a major supply zone around $25.50–26.00. On the 1D chart, the recent green candle confirms a bullish engulfing from demand zone support, pushing above key moving averages.
Current Candle Formation📊
1H: Bullish Marubozu candle, signaling strong buying pressure.
1D: A confident breakout candle reclaiming the $23.00+ zone with volume increase.
Trend Signal📉
Short-Term: Strong bullish trend continuation
Long-Term: Still within a larger correction phase, but momentum is building for a reversal
Why Bullish?🤔💥
Clear BOS and CHoCH validations
Strong RSI near overbought (72+), confirming buying strength
Multiple EMA flips to support
Key support now rests at $22.20 and $21.70
Trade Plan (1–3 Days)🤽
Entry Zone: $22.90–$23.50 (pullback opportunity)✅
Target 1: $25.70🎯
Target 2: $27.50🎯
Stop Loss: Below $21.50☣️
Pro Tip:🧑🏫
Wait for retest or candle confirmation in smaller timeframes before entering fresh longs.
Takeaway:🧑💻
$BANANA is entering a critical resistance zone. A successful flip could open the gates toward mid-$27 levels. Patience and precision are key.
👨❤️👨"In trading, it's not about being right every time. It’s about being ready when you are."
Disclaimer:⚠️
This post is for educational purposes only and not financial advice. Always DYOR before investing.
