Coin Name : $BANANA

Let’s dive into the 5-minute chart for Banana Coin. A Change of Character (ChOCH) is forming, and here’s how we plan to trade it:

📉 Trade Strategy:

  • After testing the support line, we’ll go short.

  • Key Entry: Wait for the breakdown and the perfect retest before entering.

  • Stop-Loss: Keep it small for risk management.

🔑 Why This Could Work:

  • The ChOCH suggests a trend shift.

  • The breakdown + retest provides confirmation and reduces false moves.

  • A tight stop-loss with a favorable risk-to-reward ratio.

⚠️ Important Confirmation:

  • Bitcoin dominance is currently testing its resistance level on the 5-minute chart.

  • If Bitcoin fails to break out, this could impact our short setup for Banana Coin.

📊 Conclusion:

  • We’ll wait for confirmation from Bitcoin dominance before pulling the trigger on the Banana Coin short.

  • A solid setup with proper risk management. Stay tuned for the call! 🚀


Let's see how it plays out!🔥