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NA/USDT – Bearish Setup After Strong Rejection
Current Price: $23.62
Following a sharp +13% rally, $BANANA has posted a bearish engulfing candle just below the $24.50 resistance zone — a clear sign of seller strength and potential short-term reversal.
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Short Trade Setup:
Entry Zone: $23.60 – $23.90
TP1: $22.80
TP2: $21.90
TP3: $21.20
Stop Loss: $24.70
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Market Insight:
Rejection off the wick high suggests buyer exhaustion
15M timeframe showing early signs of a structure break
Volume fading on rebound attempts — indicating weak conviction
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Pro Tip:
If $23.50 support breaks cleanly, expect a quick flush. Ideal conditions for scalpers — momentum favors the downside.
Bearish momentum building — enter before the cascade.
