$BANANA /USDT is currently trading around the 7.57 level after a strong impulsive move followed by a sharp correction and rebound. The long wick and quick recovery suggest aggressive buying interest stepping in after the sell-off, indicating potential stabilization and continuation if support holds.
The ideal entry zone is between 7.30 and 7.60, where price is consolidating after reclaiming a key intraday support area. This zone allows a balanced entry with controlled risk, while more conservative traders can wait for a minor pullback and confirmation on lower timeframes.
The stop-loss should be placed below 6.90, which lies beneath the recent panic wick and demand zone. A sustained break below this level would invalidate the recovery structure and signal further downside risk.
Take-profit targets are defined in stages to secure gains progressively. The first target is at 8.10, aligning with short-term resistance and the immediate rebound high. The second target is at 8.70, a previous supply zone and psychological level. The final extended target is at 9.30–9.40, near the recent high, achievable if momentum and volume continue to build.
