$BANANA /USDT – 4H Trade Setup
Market Insight:
$BANANA has seen a solid bounce from the $20.65 low, currently trading around $21.57 with a 4.3% gain in the past 24h. The MACD shows mild bearish momentum waning (MACD: -0.17, DIF < DEA), while price attempts recovery. A mean-reversion or breakout setup could be forming, especially if bulls reclaim the 23.00+ area.
🟩 Entry Zone:
$20.80 – $21.50
(Retest of previous support zone and near today's low)
🎯 Targets:
Target 1: $23.00 (initial resistance)
Target 2: $24.65 (SAR level & mid-range supply)
Target 3: $26.25 (local high)
🔻 Stop Loss:
$19.85
(Below recent 4H wick low and key support)
🔑 Key Levels:
Support: $20.65 / $19.85
Resistance: $23.00 / $24.65 / $25.90
SAR Resistance: $24.02
MACD: -0.17 (slightly bearish but flattening)
💡 Pro Tip:
Watch for bullish divergence confirmation or a reclaim of $23.00 on volume. If that breaks, momentum could pick up quickly toward $25+. Avoid chasing above $24.65 unless volume expands aggressively.
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