🔍 Technical Analysis Summary #bananausdt

✅ Chart Patterns:

Ascending Triangle forming — support is rising, resistance is flat around $17.50–$17.52.

Price is currently testing the support line of the triangle at around $17.00.

✅ Key Levels:

Resistance: $17.52

Support 1: $17.00 (ascending trendline)

Support 2: $16.66 (horizontal)

📉 MACD:

On both 4H and 30min, MACD is slightly bearish, but flattening — signaling a potential reversal or breakout soon.

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📊 Trade Suggestion: Short-Term Long Trade

Since price is holding above the ascending trendline with low volume on pullbacks, it gives a bullish bias. Wait for a bullish 30min candle close above $17.05 to confirm entry.

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📌 Trade Setup (Long - Futures)

Parameter Value

Entry $17.06–$17.10 (on bullish candle close)

Stop Loss $16.78 (below trendline but not too close to avoid SL hunting)

TP1 $17.35

TP2 $17.52 (key breakout level)

Leverage Up to 25x (safe), max 50x if you watch closely

Trade Duration 4–12 hours (short-term)

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⚠️ Conditions to Avoid Entry:

If 30min candle closes strongly below $17.00 or trendline breaks with volume, avoid long — potential breakdown to $16.66