$BANANA I’m watching this move after a deep pullback from the spike high and a clean reaction from the 7.21 demand zone.

Reason

I’m seeing sellers push price down hard after the rally, but they failed to break structure. The bounce from 7.21 tells me selling pressure is weakening and buyers are starting to defend again.

Market read

On the 15m chart, price topped near 8.36, corrected in a controlled way, and found support at 7.21. Since then, price is forming higher lows. This looks like a reset after expansion, not a full reversal.

Entry point

I’m looking to enter between 7.30 and 7.40, where price is holding above short term support.

Target point

TP1 7.80

TP2 8.20

TP3 8.90

These levels align with prior breakdown zones and the previous impulse high area.

Stop loss

6.95

If price breaks and holds below this level, the setup fails and I’m out.

How it’s possible

Liquidity below 7.25 is taken, weak hands are flushed, and price is stabilizing with higher lows. If buyers continue to defend this zone, momentum can push price back toward the upper range.

I’m staying patient and trading what price confirms.

Let’s go and Trade now $BANANA