$BANANAS31 (1H & 4H) – Breakout Momentum Building🤔🔐👇
👉 BANANAS31 recently attempted a bullish breakout near a short-term resistance zone but is currently facing strong rejection around the liquidity cluster. The price made a V-shaped recovery from the lower support zone, accompanied by gradually rising volume.
🔍 Chart Analysis:
On the 1H chart, a confirmed CHoCH (Change of Character) has occurred, with bullish candles crossing above the EMAs.
The 4H chart shows an impulsive bullish wave, but price is struggling around a high-volume resistance area.
RSI (1H) is at 57 – indicating a neutral to bullish stance, while 4H RSI at 52 shows slow recovery potential.
🧠 Trade Strategy: If $BANANAS31 closes above 0.00650, we can expect a short-term bullish move toward the 0.00675 – 0.00700 zone. If rejected, the next pullback support zones will be at 0.00630 and 0.00600.
🎯 Trade Setup:
Entry: On confirmation near 0.00638 retest
Target: 0.00670 / 0.00700
Stop-Loss: Below 0.00618 (EMA support cluster)
🌍 Global Sentiment: The overall crypto market sentiment is leaning risk-on, with renewed interest in meme and micro-cap tokens. Bitcoin's current price stability is acting as a supportive backdrop for $BANANAS31 ’s movement.
🧩 Key Observation: There’s a significant volume wall at the upper resistance zone — if absorbed, it may trigger a short squeeze.
💡 The market rewards discipline and patience, not fear. Trade with a plan, and follow it with confidence.
📌 Disclaimer: This is not financial advice. Please DYOR (Do Your Own Research) before making any investment decisions.