$BANANAS31 Update: Massive Breakout or Overextended?
($BANANAS31) has just printed a massive bullish candle, surging over 19% in the last 24 hours to hit a local high of $0.01166. While the SuperTrend has flipped bullish at $0.0099, the RSI(6) is currently sitting at an extreme 95.86, suggesting the price is severely overextended in the short term.
🎯 Trade Setup
EP (Entry): $0.01020 – $0.01080 (Look for a retest of the breakout zone)
TP (Targets)
TP1: $0.01160
TP2: $0.01250
TP3: $0.01380
SL (Stop Loss): $0.00940
The current technical structure shows a major liquidity grab at the $0.01166 level, which now acts as immediate resistance. Support is well-defined at the $0.0099 SuperTrend line, but a pullback is highly likely given the vertical nature of this move and the exhausted RSI levels.
Do you think ($BANANAS31) can maintain this parabolic momentum, or are we about to see a sharp correction to the $0.010 level?
Watching this level closely.
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