š BANANA/USDT Market Update ā March 11, 2025 š
š„ Current Price: $16.67 (+36.86%)
š 24H High: $22.40
š 24H Low: $10.20
š° 24H Volume: 2.91M BANANA / 49.02M USDT
š Technical Analysis:
š Bearish Trend: The price has been in a downtrend but shows signs of recovery.
š Support Level: $10.20 (recent low)
š Resistance Level: $22.40 (recent high)
š Spot Trading Setup:
š¹ Entry: $14 - $16 for a possible breakout
š¹ Target: $22+ if momentum continues
š¹ Stop Loss: Below $10
ā” Futures Trading Setup (High Risk ā ļø)
š¹ Long Entry: Above $17 with volume confirmation
š¹ Short Entry: Below $15 if rejection occurs
š¹ Leverage: Moderate, as volatility is high
š Indicators:
ā MA(7): $13.68 (Bullish Crossover)
ā MA(25): $18.95 (Still Bearish)
ā MA(99): $34.70 (Long-Term Resistance)
š” Market Sentiment:
A recent volume surge suggests a potential reversal, but confirmation is needed. Watch for breakout above $20 for a stronger bullish move.
š¢ Trade Wisely & Manage Risks! š¢