BANANAS31 – Oversold, But No Bullish Reversal Yet! Be Cautious!
BANANAS31 has dropped more than 85% from its recent high (0.0739 → 0.0103).
Currently, it's sitting deep in the oversold zone with RSI around 18, but I don’t see any strong signs of reversal yet.
📉 Key Observations:
Price is still below MA(7), MA(25), and MA(99)
No bullish candle pattern (e.g. hammer or engulfing)
Volume is low, indicating weak buyer interest
Trend remains bearish on the 15-minute chart
💡 My Plan:
I’m not entering right now. Waiting for confirmation like:
A strong green candle with volume
RSI recovery above 30
Price reclaiming MA(7) or MA(25)
Sometimes, not trading is also a smart trade.
Protect your capital and wait for high-probability setups. 📊
What do you think — is this the bottom for $BANANAS31 or will it fall further? Drop your thoughts 👇
#BANANAS31 #CryptoTrading #TechnicalAnalysis #BinanceFeed #RSI
