🧠 BANANAS31/USDT Technical Snapshot (1H Chart)
🟣 Price: $0.006206
📉 Daily Change: -9.12%
🟩 24h Low: $0.006070
🟥 24h High: $0.006834
📊 Volume: High (594.69M BANANAS31)
⚙️ Trading Strategy Setup (Short-Term)
📌 Support and Resistance:
Support (Buy zone): $0.006070 – $0.006100 (recent low zone)
Resistance 1: $0.006292 (MA7)
Resistance 2: $0.006302 (MA25)
Resistance 3: $0.006542 (MA99)
✅ Entry Conditions (Buy Signal):
Wait for one or more of the following:
Price holds above $0.006070 and forms a bullish reversal candle (e.g., hammer or engulfing).
A green candle closes above MA7 ($0.006292) with rising volume.
Volume increases on a green candle (suggests buyers stepping in).
💰 Trade Setup:
Target Price Description
Entry $0.00610–0.00620 Near support, post-confirmation
TP1 $0.00629 Minor profit (MA7)
TP2 $0.00630–0.00640 Medium profit (MA25 area)
TP3 $0.00654 High target (MA99)
SL $0.00600 Tight stop below support
📊 Indicators to Add for Confirmation:
RSI (14): Buy if RSI < 30 (oversold).
MACD: Look for a bullish crossover.
Bollinger Bands: If price hits lower band + green candle = potential bounce.
🔁 Optional DCA Plan (if falling slowly):
If you're managing risk and want to average in:
Buy 50% at $0.00615
Buy 30% at $0.00608
Buy 20% at $0.00600
Stop loss should still be strictly enforced around $0.00600.
