@Lorenzo Protocol
$BANK The chart is showing repeated rejections at the 0.0480 resistance—sellers are defending the level aggressively, with long wicks signaling strong overhead supply and lack of breakout strength..............
BANK has been consolidating in a tight range with no follow-through on bullish candles, suggesting distribution after a low-volume push toward the highs—momentum fading quickly..............
This price action hints at a trap setup where breakout traders are being lured in before a potential drop—volume profile confirms lack of demand above 0.0465..............
If this local rejection holds, price may slide toward the 0.0430–0.0425 demand zone as buyers exit failed longs over the next 12–24 hours..............
Clean short setup within a sideways market—defined resistance, exhausted structure, and asymmetric risk-reward for downside continuation..............
Trade Setup (Short)
Entry Range: 0.0463 – 0.0466
Target 1: 0.0456
Target 2: 0.0436
Target 3: 0.0426
Stop Loss: 0.0485
