$BAND /USDT – Short Trade Opportunity
BAND is showing strong bearish momentum after a sharp decline of over 11% today. The chart highlights consistent lower highs and lower lows, confirming selling pressure. Price is currently trading around 0.974, with a visible rejection near the 1.10 resistance zone, followed by a steady downward trend. The setup indicates further downside potential as long as the price remains below key resistance.
Entry: 0.974
Target 1: 0.950
Target 2: 0.940
Target 3: 0.927
Stop-Loss: 1.000
Risk Management: Allocate only 3–5% of your capital. Move your stop-loss to entry once Target 1 is achieved to protect profits.
Pro Tip: Watch for increasing sell volume on retests of minor resistance – this often confirms continuation of the downtrend.