$BANANAS31 /USDT – BEARISH PRESSURE BUILDS AS SUPPORT LEVEL NEARS BREAKDOWN!
The chart for $BANANAS31 /USDT shows clear bearish momentum, with price slipping by 1.37% and currently trading around 0.005892 USDT. This price action suggests the bears are taking control, and a downward continuation may occur if the key support breaks.
Key Technical Levels:
Current Price: 0.005892 USDT
Immediate Support: 0.005860
Major Support Zone: 0.005820 – 0.005840
Resistance Levels:
Minor: 0.005924
Major: 0.006060
Bearish Trade Setup (Short Position):
Entry: 0.005894 – 0.005920
Take Profit (TP):
TP1: 0.005860
TP2: 0.005840
TP3: 0.005820
Stop Loss (SL): 0.006020
Market Outlook:
The overall trend leans bearish due to consistent lower highs and pressure on support zones. Volatility is low, suggesting a potential sharp move if the support at 0.005860 breaks. Until bulls regain strength above 0.006000, rallies may face rejection.
Risk Management:
Only risk 1-2% of your capital per trade. Always use a stop loss and avoid over-leveraging in this volatile micro-cap pair.
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