#HODLTradingStrategy
Well, Bananas31 is really bearish in these days.
Current 1 hour chart and 1day chart doesn't seems strong support for this cute banana.
* Strong Downtrend: Both the 1-hour and 1-day charts show a clear and significant downtrend.
* Current Breakout: The price has recently broken below a consolidation range on the 1-hour chart, and the daily chart shows a large red candle signaling continued selling pressure.
* Bearish Indicators: All technical indicators (MACD, RSI, KDJ) on the daily chart currently point to strong bearish momentum and weakness. While KDJ indicates extremely oversold conditions, this doesn't prevent further downside in a deeply bearish trend, especially if there's no strong buying interest or fundamental reason for a reversal.
* Lack of Established Support: The price is currently hovering near previous lows, and if these levels fail to hold, the next support could indeed be lower, potentially at or even below 0.004906 USDT.
But after this high selling out rate is done, it will sure be bounce back to the place he come from.
So, I just picked BANANAS31 for Binance's #HODLStrategy for this cute coin.
Short term volatility will always happening is crypto currencies.
Just your pick :)
Goodluck, BANANAS31 🍌 lovers !!!
***This is not financial advise Please remember that DYOR before you buy any coin***
