Time to SHORT $BANANAS31 ?
Potentially, because it's nearing major resistance
zone and RSI is alarmingly in over bought
conditions.
This rally could end soon if early
traders start taking profit, which could like
happen sooner than later. Watch for confirmation
in lower time frames before making an entry.
This retrace will quick and very profitable,
however on the flip side, a break above with
sustained new buying volumes could send
$BANANAS31 flying to sweep accumulated
liquidity and squeeze shorters.
Know your risk before making any commitment.