$BANANA / In case of a break, the reflection speed accelerates?🔻
It has slipped out of its ascending channel after peaking at $18.31, with sellers entering strongly near the $17.00 mark. The downward momentum is increasing, supported by rising selling volume, indicating that more retracement is coming.
📉 Short trade setup:
Entry area: $16.96 – $17.05
Stop loss: $17.40
Profit targets:
• TP1: $16.40
• TP2: $15.75
• TP3: $14.90
⚡ Quick tip:
Watch for hourly candle closes below $17 to confirm continuation. The failure of price to reclaim support levels indicates a slide towards deeper Fibonacci corrections, manage your stop loss strictly.
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