Analysis and Signal for $BAND /USDT on Binance

Analysis:

Current Price: $1.570 (-11.35%)

24h Range: $1.550 - $1.772

BAND is under bearish pressure after testing resistance near $1.621. The price has declined close to the 24-hour low of $1.550, which serves as immediate support.

A breakout above the $1.621 resistance could lead to a recovery rally, targeting higher resistance zones.

Trading Signal:

Entry Point: $1.570

Target (TP1): $1.620

Target (TP2): $1.680

Stop Loss (SL): $1.540

Strategy:

Monitor the $1.550 support zone closely for a bounce, which could lead to a short-term upward movement.

If resistance at $1.621 is broken, hold for the next target at $1.680.

Set a Stop Loss at $1.540 to manage risk effectively.

Potential Long-Term Outlook: If BAND breaks above the $1.76 resistance with strong volume, a rally toward $3.00 becomes feasible, especially if Bitcoin's dominance fuels broader market momentum.

Disclaimer: Cryptocurrency markets are volatile. Trade cautiously and use proper risk management.

#CryptoTrading #BANDUSDT #TradingSignals #Binance