$BANANAS31 /USDT BEARISH SETUP SIGNALS FURTHER DOWNSIDE RISK
$BANANAS31/USDT is trading below the 7-day and 25-day moving averages, indicating strong resistance and ongoing bearish momentum. The MACD remains in negative territory, reinforcing the downward bias.
SHORT entry is recommended near current resistance levels around the 7-day MA.
Targets:
TP1 at the recent 24-hour low support
TP2 positioned below recent lows to maximize downside potential
Stop Loss should be placed above the 25-day MA to protect against sudden bullish reversals.
Risk management: Limit risk to 2-3% per trade, use a tight stop loss, and consider scaling out profits at TP1 while trailing stops to lock gains.
This setup favors bearish continuation unless price decisively breaks above resistance.
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