Here's a simple explanation:
Current Situation: $BAND price is up 4.89% and consolidating near $0.692 resistance level.
Trade Setup:
- Buy (Entry): $0.684 - $0.688
- Targets:
- Target 1: $0.700
- Target 2: $0.716
- Target 3: $0.735
- Stop Loss: Below $0.675 (to limit losses if price drops)
The idea is to buy BAND at $0.684-$0.688, expecting a breakout above $0.692, which could lead to a short-term rally. If the price drops below $0.675, the trade will be closed to limit losses.