$BANANA Faces Long Liquidation at $23.92 – The Calm Before the Next Surge?
The jungle just got intense. A long liquidation worth $1.9178K has shaken the $BANANA market at $23.92, flushing out weak hands and setting the stage for a decisive move. Smart money doesn’t panic — it prepares. This might just be the storm before the rally.
Technical Breakdown and Fresh Trade Setup:
Buy Zone:
Watch for accumulation between $22.80 – $23.20
This zone has previously shown buyer strength and could act as a springboard if volume builds up again.
Targets:
First Target: $24.50
Second Target: $25.80
Extended Bullish Target: $27.40
These levels align with Fibonacci extensions and previous liquidity zones. Each step up may attract aggressive momentum traders.
Stop Loss:
Place a tight stop loss at $21.90
Breach of this level may invalidate the bullish structure and could lead to another sell-off wave.
Analysis Summary:
The liquidation at $23.92 signals a critical moment in $BANANA trend. If bulls defend the support zone, a reversal could be brutal — in a good way. Volume spikes, short squeezes, and momentum indicators are your best friends in this zone.
Patience and precision will be the key. The next move could be explosive.