#Bananas31 $BANANAS31
Here's a short-term trading strategy for the BANANAS31/USDT pair using the technical indicators.
... Current Chart ...
Price: $0.01162 (+48.75% in 24h)
24h Low / High: $0.007176 โ $0.011905
MACD: Slightly bullish (crossed above signal, but flat)
RSI (14): 54.99 โ Neutral zone
RSI (6): 67.01 โ Approaching overbought
๐ง Strategy: Momentum Scalping with RSI & MACD
This strategy targets small gains by entering during confirmed momentum and exiting before overbought levels.
๐ Entry Conditions
โ RSI(6) rising above 60 but below 70 โ indicating building momentum.
โ MACD histogram turns green, and MACD line crosses above the signal line.
โ Recent candles showing higher highs and higher lows.
In this chart, all conditions are mostly met, signaling a possible short-term buy opportunity.
๐ฐ Exit Conditions (Take Profit / Stop-Loss)
๐ต Take Profit:
Price reaches 0.01190โ0.01220 (near recent high or +5%)
RSI(6) crosses 75 (indicating overbought)
๐ Stop-Loss:
Price drops below 0.01060 (recent support)
MACD turns red (momentum loss)
โ ๏ธ Risk Management
Only invest a small portion (e.g., 1โ2%) of your capital.
Use a tight stop-loss, as this is a high-volatility asset.
Avoid entering if RSI(6) is above 70 before entry โ too late.
โ Quick Summary
ActionTriggerBuyRSI(6) 60โ70 & MACD bullish crossoverSell (TP)Near 0.012 or RSI(6) > 75 Stop LossBelow 0.01060 or MACD turns red
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