After a dramatic crash from its high of $0.073974, BANANAS31 appears to be stabilizing and could be setting up for a potential trend reversal. This is exactly the kind of moment smart traders watch for – the calm before the next wave.
📉 Yes, it’s down -15.84% on the day, but the chart is telling a deeper story. $BANANAS31
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📊 The Bullish Case (Why BANANAS31 Might Bounce Soon):
🔹 Massive Volume Climax & Exhaustion Sell-Off: The big red candles show panic selling, but the recent low at $0.012384 has held strong – a sign that the worst may be behind us.
🔹 Strong Rebound Candle: We're now seeing signs of accumulation and small green candles forming. The price is rebounding off support with low volatility – a classic bottoming behavior.
🔹 RSI Recovery: The RSI is at 35.72, climbing slowly after being in oversold territory. This is a subtle but key bullish signal.
🔹 MACD Bottoming: MACD lines are still negative, but the histogram is flattening, indicating bearish momentum is fading.$BANANAS31
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📈 The Trade Recommendation:
This could be a textbook bottom catch trade with a tight stop and big upside.
✅ BUY ZONE: Between $0.0155 – $0.0162
🎯 TP1: $0.0188 (first minor resistance)
🎯 TP2: $0.0220 (next swing high)
🛑 SL: $0.0122 (just below the recent low)
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🔥 The Bottom Line:
The downtrend seems exhausted, and BANANAS31 might be in early reversal mode. Risk is low, reward potential is high — ideal setup for short-term traders or early long-term accumulators.
👇 Will BANANAS31 surprise everyone with a bounce this week? Let’s talk in the comments! 👇
❤️ Like if you're watching this play, and follow for more early technical calls.
#BANANAS31Trading #BANANAS31ToTheMoon
