Looking at the chart for $BANANAS31 , here are the key observations .
📉 Bearish Signals:
Price dropped ~42% in the last 24 hours — a major decline.
Currently trading below the MA(99), MA(25), and just under MA(7), showing bearish pressure.
Volume is decreasing, suggesting reduced momentum.
The price failed to break above the recent high of 0.010416 and is now trending sideways to slightly down.
📊 Support and Resistance:
Resistance: 0.010416
Support: 0.007177 (24h low), minor support at 0.008474
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🧭 Recommendation:
Short if you're looking for a quick move down toward support (0.0084 – 0.0072).
Long only if price holds above 0.0098 with increasing volume and breaks above 0.0104.
For now, based on the trend, a short position is more favorable — but use stop-losses carefully above 0.0104 to manage risk in case of a reversal.
Let me know if you want entry/exit targets or risk management tips.
