#banana $BANANA
💨Current price: ~7.02🚀
(REMEMBER TO BUY THE FEAR AND SELL THE GREED)
BANANA has seen a sharp sell-off from the 7.8–8.0 zone and is now basing near intraday lows, suggesting a potential relief bounce, but the overall short-term trend is still bearish.
🔍 Market Structure
👉Trend: Short-term bearish
👉Pattern: Strong dump → base formation
👉Momentum: Selling pressure slowing (possible dead-cat bounce)
📊 Key Levels
👉Support
6.85 – 6.90 → Strong support (today’s low area)
6.60 → Breakdown level (high risk if lost)
👉Resistance / Targets
7.20 – 7.30 → First resistance (likely rejection zone)
7.55 – 7.65 → Major resistance
8.00 → Trend reversal only above this
🔮 Scenarios
👉Bounce scenario (short-term long scalp):
👉Holds above 6.85
👉Move toward 7.25 → 7.50
👉Expect selling pressure near resistance
Bearish continuation:
👉Fails to hold 6.85
👉Drop toward 6.60 → 6.40
👉Below 6.40, strong downside risk
🧠 Trading Insight (Perp)
Longs: Only near support, quick targets, tight SL
Shorts: Safer near 7.30–7.60 resistance
Avoid high leverage — volatility is high after dump
Example setups
Long scalp: 6.90–7.00 | SL: 6.75 | TP: 7.25 / 7.50
Short: 7.40–7.60 | SL: 7.85 | TP: 7.00 / 6.70