$BANANA BEARISH SETUP – EYES ON $14.50 TARGET
$BANANA is under heavy selling pressure, currently trading at $16.10 after plunging -12.93% in the past 24 hours. Following a recent peak at $18.69, momentum has shifted sharply downward. With 178K BANANA exchanged and $3.06M in USDT volume, bears are dominating the market.
Unless bulls reclaim the $17.00+ zone, the path of least resistance remains down, opening the door for short trades.
Key Levels:
🔻 Resistance: $17.03 – $18.48
This zone triggered the recent rejection — price needs to break and hold above it to flip bias.
🔻 Support: $15.58
Losing this support could spark a deeper move toward $14.50 and beyond.
Short Trade Idea:
TP1: $14.50
TP2: $13.20 (on extended downside move)
Stop-Loss: Above $18.69 (recent high)
The trend favors bears. If you're considering a short, this setup offers solid risk-to-reward — but discipline is key.
Watch $BANANA Closely.....
