$BANANA /USDT – Bearish Setup 📉
Current Price: $26.18
Structure: Continuous lower highs and lower lows, strong red candles breaking intraday supports. Price is approaching key support near $25.80, with momentum favoring further downside if broken.
📉 Short Setup
Entry Zone: $26.25 – $26.50
🎯 TP1: $25.80
🎯 TP2: $25.20
🎯 TP3: $24.50
🛑 Stop Loss: $26.95
📊 Extra Confirmation Steps Before Entering:
1. Retest & Rejection: Let price retest $26.25–$26.50 with rejection wicks before shorting.
2. Check Volume: Red candle volume should be stronger than green candles on the bounce.
3. Watch BTC Trend: If BTC is also dropping, probability of $BANANA breaking support increases.
4. Set Partial TPs: Secure partial profits at TP1 and trail stop loss to breakeven.
5. Avoid Chasing: If price breaks $25.80 directly without a bounce, wait for a retest before entering.
Pro Tip: A 15m close below $25.80 will likely accelerate the drop toward $25.20 and $24.50.