$BANK /USDT BEARISH BIAS – SELLERS MAINTAIN CONTROL AS PRICE STRUGGLES BELOW RESISTANCE
Market Next Move (Immediate Explanation):
$BANK/USDT is showing bearish continuation signs as price fails to hold above the short-term resistance zone around 0.0475–0.0480. Weak buying volume and repeated rejections from higher levels indicate sellers are still in control. Unless price reclaims key resistance with strong volume, downside pressure is likely to persist toward lower demand zones.
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📉 Trade Setup (Short Position)
Entry (Short): 0.0465 – 0.0475
Target 1 (TP1): 0.0445
Target 2 (TP2): 0.0430
Stop Loss (SL): 0.0495
> Risk-managed shorts are preferred below resistance, targeting liquidity near recent lows.
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🔍 Technical Notes
Price trading below key resistance
Lower highs forming on lower timeframes
Volume declining → lack of bullish conviction
Momentum favors continuation to the downside
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🌐 Short Market Outlook
Overall sentiment for $BANK/USDT remains cautiously bearish in the short term. Any bounce is likely to face selling pressure unless a strong breakout above 0.0490 occurs with volume confirmation. Traders should stay disciplined and follow risk management strictly.
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#BANKUSDT #BearishTrend #CryptoTA #AltcoinAnalysis #ShortSetup $BANK
