$BANANAS31 Let's see if a breakout is possible here. Long setup.
Long Trading Plan for BANANAS31 (20x)
Entry: 0.0135 – 0.0137
SL: 0.0124
TP1: 0.0151
TP2: 0.0170
TP3: 0.0190
BANANAS31 is showing signs of accumulation in the 0.0135 – 0.0137 range, potentially preparing for a breakout. The price has held above the support zone, not breaking below 0.0124, and buying pressure is starting to reappear, indicating a potential upward move.
The stop loss is placed below 0.0124, a relatively clean area. If this level is breached, the long scenario will be invalidated. The target steps are 0.0151 → 0.0170 → 0.0190. Each take profit (TP) is quite far apart (~10-18% from entry), so be patient and take profits gradually.
The distance from entry to stop loss (SL) is quite wide (~8-9.5%). Divide your capital and manage risk well.
Let's see if there's a breakout have you entered yet? Comment to discuss!