1. Summary
$BANANAS31 Short-term bullish bias conditionally — prioritize probing when 1H closes confirm breakout or buy on reaction if pullback to support with rejection. • Current price ~0.00733–0.00758 (latest peak ~0.007581); liquidity & listing help trading, the token is a meme on BNB Chain with a total supply of 10B.
2. Analysis
The 1H frame is setting up for a retest: support cluster around 0.00692 and temporary bottom 0.006543, immediate resistance ~0.00758 (recent high) — RSI ~56 (not too tight) and there was a volume spike in the recent up move but volume has not been consistently maintained. Essentially, BANANAS31 is a meme token 'Banana For Scale', fair-launch on BNB Chain, supply 10B and has been listed on many major exchanges — this attracts retail/liquidity but simultaneously increases the risk of profit-taking/volatility. Social sentiment is positive around meme/viral events.
3. Strategy
Entry: Buy when 1H closes > 0.00760–0.00765 (confirm high break) — or buy on reaction when seeing clear wick rejection at 0.00690–0.00695 with increasing volume.
Stop-loss: SL = 0.00645 (clearly, below the bottom zone 0.006543 to avoid false wick).
TP1/TP2: TP1 = 0.00795–0.00810 (near supply zone/psychological resistance), TP2 = 0.0095–0.0100 (extended target if momentum continues).
Exit triggers: exit early if there is a large amount moving into CEX, negative news/delisting moves, whale selling spike, or if price does not hold support at 0.00692 after retest.
