#bananas31 $BANANAS31

Best Chance to Buy Now

BANANAS31/USDT

The token has experienced a massive spike followed by a sharp drop, now trading at $0.009157 (-31.02%). Here’s a potential long position strategy based on technical analysis:

🔍 Quick Observations

Recent High: $0.073974

Current Price: $0.009157

24h Low: $0.008403

MA(7): $0.019876 — currently trading below short-term trend

MACD: Bearish crossover (MACD < Signal)

✅ Long Position Strategy

🧠 1. Wait for Confirmation

Don't jump in immediately. The price is in freefall after a pump. Wait for:

A reversal candle pattern (e.g., hammer or bullish engulfing)

Volume decline (signs of sellers exhausting)

Price to stabilize near support (~$0.0084–$0.0090)

💵 2. Entry Point

Buy Zone: Between $0.0085 and $0.0092, near current price Look for a bounce off this level with confirmation from volume and green candle

🎯 3. Target Prices

Use Fibonacci retracement from the recent high to low:

TP1: $0.0135 (Near MA25 and fib 0.236)

TP2: $0.019 (Near MA7 and fib 0.382)

TP3: $0.032 (Strong resistance from wick area)

TP4: $0.073 (Full retracement to pump high — high risk/reward)

🔒 4. Stop Loss

Set a tight stop-loss below recent low:

SL: $0.0078 (Around 10–15% below entry) Cut losses early in case the downtrend continues.

🛠️ 5. Risk Management

Risk per trade: 1–2% of capital

Don’t overleverage

Use trailing stop if price moves in your favor

📊 6. Monitor Indicators

Keep watching:

MACD: Look for a bullish crossover

RSI: Confirm a bounce from oversold

Volume: Increase in buying volume confirms move

📈 Example Plan

Action

Price ($)

Entry

0.0090

Stop Loss

0.0078

Take Profit 1

0.0135

Take Profit 2

0.0190

Take Profit 3

0.0320

⚠️ Caution

This token may be highly volatile or manipulated (pump & dump).

Volume is huge (11.06B) — be extra cautious with news or hype cycles.

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