๐ $BANANA | Descending Trendline Broken โ Bounce Loading! ๐๐
Current Price: $3.848 | -0.08%
๐ Pattern: Descending trendline from $5.20 high โ broken to the upside โ
Price holding above green support zone = launch pad ready
๐ฏ Trade Setup:
๐ฅ Entry : $3.80 โ $3.90 (current)
๐ฏ TP 1 : $4.20
๐ฏ TP 2 : $4.60
๐ฏ TP 3 : $5.00+
๐ SL : $3.60
Risk:Reward = 1:4+ โ
๐ก Chart Reading:
๐ Descending trendline from May 10 = officially broken โ
๐ข Green support zone $3.60โ$3.80 = held multiple times
๐ Breakout arrow pointing to $4.00+ on chart
๐ MAs curling upward = momentum shifting bullish
๐ Volume spike on breakout candle = real buyers
โ ๏ธ Key Levels:
โ Confirm : 4H close above $4.00
๐ข Support : $3.60 must hold
โ Invalidate : Break below $3.60
๐ก Honest Take:
BANANA dumped from $5.20 โ $3.60 = 30% correction. Trendline now broken + support holding = classic reversal setup. First target $4.20 = easy 10%. Keep on watchlist. ๐ฏ
โ ๏ธ Not financial advice. DYOR.
๐ฌ ๐ or ๐ โ whatโs your call on $BANANA ?
Current Price: $3.848 | -0.08%
๐ Pattern: Descending trendline from $5.20 high โ broken to the upside โ
Price holding above green support zone = launch pad ready
๐ฏ Trade Setup:
๐ฅ Entry : $3.80 โ $3.90 (current)
๐ฏ TP 1 : $4.20
๐ฏ TP 2 : $4.60
๐ฏ TP 3 : $5.00+
๐ SL : $3.60
Risk:Reward = 1:4+ โ
๐ก Chart Reading:
๐ Descending trendline from May 10 = officially broken โ
๐ข Green support zone $3.60โ$3.80 = held multiple times
๐ Breakout arrow pointing to $4.00+ on chart
๐ MAs curling upward = momentum shifting bullish
๐ Volume spike on breakout candle = real buyers
โ ๏ธ Key Levels:
โ Confirm : 4H close above $4.00
๐ข Support : $3.60 must hold
โ Invalidate : Break below $3.60
๐ก Honest Take:
BANANA dumped from $5.20 โ $3.60 = 30% correction. Trendline now broken + support holding = classic reversal setup. First target $4.20 = easy 10%. Keep on watchlist. ๐ฏ
โ ๏ธ Not financial advice. DYOR.
๐ฌ ๐ or ๐ โ whatโs your call on $BANANA ?