📉 Technical view on #BANANAUSDT — SHORT from $16.9
🕒 Timeframe: 1H | 🎯 Targets: $16.07 → $14.62 → $13.74 → $11.00
🔻 STOP-LOSS: $18.27
🔍 Situation analysis:
BANANA continues to demonstrate weakness. The medium-term downtrend has transitioned into a sideways movement, however:
Highs and lows are gradually decreasing.
On higher timeframes, a bearish structure remains.
There has been a liquidation event in the substructure + liquidity has been removed.
A sales block has been formed and confirmed.
The downward break of the structure confirms sellers' control.
📌 Locally, a cascade of liquid levels can be seen from below, which serves as fuel for the continuation of the decline.
📥 Entry zone for the trade:
$16.90 – $17.70
⛔️ Stop-loss: above the level of $18.27 (according to the strategy)
🎯 Targets for the movement:
1. $16.07
2. $14.62
3. $13.74
4. $11.00
⚠️ Reminder: the market is volatile — please follow risk management.
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