$BANANA Peel in Motion Slipping Toward Support❓❓
$BANANA is experiencing a steep decline after hitting resistance near $19.00. The 4H chart shows a strong bearish engulfing pattern, followed by consecutive red candles, pushing the price to a new local low of $15.92.
Short Trade Setup (4H Timeframe):
• Entry Zone: $15.90 – $16.10
• Take Profit 1: $15.40
• Take Profit 2: $14.85
• Take Profit 3: $14.20
• Stop Loss: $16.55
Technical Breakdown:
• Heavy downward momentum with no bullish absorption
• Breakdown from previous support at $16.40 confirmed
• Strong volume surge on red candles, suggesting aggressive sell pressure
• Risk-reward favors continuation if $15.90 cracks cleanly
This isn’t just a dip — it’s a full-blown slide. Ideal for traders ready to capitalize on momentum before BANANA hits the bottom of the bunch.