$BANANAS31 BEARISH CONSOLIDATION ZONE ā SIDEWAYS PRESSURE AHEAD ā ļøš
The $BANANAS31 pair is currently floating in a tight range, showing signs of weakness with declining volume and no strong breakout. The market structure leans bearish unless bulls reclaim key resistance levels.
š Current Price: 0.0293
š Resistance Levels:
ā¢ R1: 0.0310 ā strong rejection zone
ā¢ R2: 0.0325 ā breakout confirmation
š Support Levels:
ā¢ S1: 0.0285 ā local support
ā¢ S2: 0.0270 ā last defense before drop
š TRADE SETUP ā SHORT IDEA
ā¢ Entry: 0.0292 ā 0.0295
ā¢ TP1: 0.0280
ā¢ TP2: 0.0272
ā¢ TP3: 0.0260
ā¢ SL: 0.0312
š”ļø Risk Management:
Use strict stop-loss, avoid over-leverage (max 3x on futures), and only risk 1-2% of your capital per trade. Wait for confirmation candle below 0.0288 for stronger entry.
ā ļø Patience is key in ranging markets. Stay alert for fakeouts!
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