$BANANA

As I have mentioned in my previous analysis, Bananacoin (here "Banana" refers to a specific cryptocurrency) faces many obstacles and it is difficult to easily cross the 40 barrier. I remain cautiously bearish until it fails to return to and test the 53 level in some way. Based on this judgment, I have laid out a carefully planned short position in Bananacoin and plan to further increase the position through the Diversified Cost Averaging (DCA) strategy when the price rebounds to around 44. The logic behind this strategy is that the current small rebound to around 39 may be just a temporary phenomenon, and a new round of shorting may follow, pulling the price down to around 30.

For investors who hold the spot for a long time, I suggest patiently waiting for the opportunity for Bananacoin to reach the 53 area, but given the current market conditions, the possibility of this scenario in the next six months is not optimistic. However, if you are a short-term operator who prefers scalping or intraday trading, it may be a safer choice to choose to sell near the current price to avoid potential downside risks.

It should be emphasized that the above views only represent my personal investment strategy and analysis and do not constitute any investment advice. Before making any investment decision, you should conduct in-depth research on your own and fully consider your own portfolio structure, risk tolerance and trading style. I am currently bearish on Bananacoin and believe that the current small increase may just be a trap in the long-term downward trend.

In addition, it is worth noting that today's sudden surge in Bananacoin is likely to be temporarily affected by certain specific factors (such as the refund announcement of 11 Telegram group robot users), and this fluctuation is not sustainable. Therefore, regardless of the trend of mainstream cryptocurrencies such as Bitcoin, I expect that Bananacoin is likely to resume its decline in the near future and continue its unfinished downward adjustment. In particular, judging from the market performance last week, the trend of Bananacoin did not keep pace with major cryptocurrencies such as Bitcoin, which further confirms my bearish judgment.