$BANANAS31 /USDT: Oversold Reversal Setup (–34.26% Drop – Relief Rally Possible)
BANANAS31 has seen a dramatic decline, now trading near all-time lows with volume surging. A short-term mean-reversion bounce could be developing—high risk, high volatility setup.
Entry Strategy (Mean-Reversion Play)
Aggressive Entry: $0.014 – $0.015 (RSI < 30, high-volume spike)
Conservative Entry: $0.012 – $0.013 (retest of ATL with buyer defense)
Profit Targets
T1: $0.018 (Fib 38.2% retracement)
T2: $0.020 (psychological round number)
T3: $0.023 (full retrace of 24h dump)
Stop Loss
$0.011 (Below ATL – invalidation point)
Why This Setup May Bounce
Sharp –34.26% drawdown in short time = oversold conditions
Volume surge to $113M shows strong speculative interest
Meme coins historically prone to dead-cat bounces after large dumps
Trade Plan
Scalp Traders: Look for momentum on LTFs (1H/15m) above $0.015
Swing Traders: Wait for signs of a base at $0.012–$0.013 with tight stops
Trade here 👉🏻 $BANANAS31