$BANANAS31
Strong rebound off the 0.00278 low and a sharp impulse candle shows buyers defending the floor. Now price is pushing back into a key supply zone, so the trade is about break and hold vs reject and dump.
Decision: Bullish only if it holds above resistance. Otherwise treat it as a sell-the-bounce.
Long idea (confirmation):
Entry: break and hold above 0.00405–0.00410
Targets: 0.00435 → 0.00472 → 0.00495
Stop: below 0.00385
Long idea (retest):
Entry: pullback hold 0.00365–0.00375
Targets: 0.00410 → 0.00435 → 0.00472
Stop: below 0.00350
Short idea (failure at supply):
Entry: rejection near 0.00405–0.00420
Targets: 0.00365 → 0.00330 → 0.00300
Stop: above 0.00435
Pro tips:
Don’t chase green candles. Let the breakout close, then trade the retest. Take partials at each target and trail the stop because these fast movers can reverse in one candle.
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