$BANANAS31 USDT in a bearish position - the rejection warns of a deeper decline ahead
The BANANAS31USDT pair recorded strong rejection wicks near the resistance area of 0.01355, as it failed to break through despite multiple upward attempts. This indicates weakness and opens the door for adventurous sellers to take control, potentially bringing the price back to previous demand levels.
🔻Trading Setup (Short Sell)
Entry Area: 0.01350 - 0.01355
Take Profit:
➤ TP1: 0.01320
➤ TP2: 0.01300
➤ TP3: 0.01285
Stop Loss: Above 0.01365
💡Market Outlook
The momentum is showing a bearish shift on the 15-minute chart, with a clear rejection at the resistance level and the inability to break the 0.01355 level. If the price closes below 0.01330, we expect a rapid decline towards 0.01300 and 0.01285 with sellers dominating the daily trading action.$BANANAS31