$BANANAS31 - Chilling Phase
Market Analysis:
* Price: $0.005209
* MA(7): 0.005204 (price sitting just above — short-term support)
* MA(25): 0.005241 (slightly above — near-term resistance)
* MA(99): 0.005271 (higher resistance, potential test zone)
* Volume: Spike followed by tapering — indicates a cool-down phase after a bounce
* Lowest recent wick: 0.005103 (important support)
Entry Suggestion Based on Trend:
1. Scalping Bounce Entry (Short-Term Long)
* Entry: $0.00518 – $0.00521
* Stop-Loss (SL): $0.00508 (below support wick)
* Take-Profit (TP):
* TP1: $0.00527 (MA99 resistance)
* TP2: $0.00532 (next horizontal level)
* TP3: $0.00556 (24h high — if breakout occurs)
Reasoning: Currently forming a higher low after a sharp drop and recovery. MA(7) is curling upward, indicating possible bullish momentum brewing.
2. Safer Breakout Entry
* Entry: On 15m candle close above $0.00528 with volume rise
* SL: $0.00517
* TP Zones:
* $0.00540
* $0.00556 (24h high)
This setup avoids the chop and waits for trend confirmation.
Extra Tips:
* If BTC is ranging or showing strength, this setup has higher odds.
* Keep an eye on volume — it's crucial for follow-through here.
* If price dips to $0.00510 again but holds, that’s a solid bounce zone to re-enter.
