🎯 Update on $BANANAS31: Breakout confirmed. What to expect next?
Two days ago, we dove deep into the Falling Wedge formation on the $BANANAS31 chart. The forecast played out perfectly: we saw an impulsive breakout to the upside and now the asset is establishing support above the key zone. Congrats to those who jumped in on the last setup—enjoy the interim profits!
Let's analyze the current technical picture and the next steps.
The former resistance of the wedge has been successfully broken and is now acting as local support (Support Flip). A bullish consolidation is forming (possible Bull Flag pattern), accumulating volume for the next breakout.
📊 Indicator metrics:
Volumes: Decreasing volumes during the current correction (healthy retest) confirm the absence of strong selling pressure.
RSI (4H): Unloaded after local overheating and now has plenty of room to reach new highs.
MACD: Confidently holding in the positive zone, bullish momentum is maintained.
🎯 Adjusting the trading plan
The first target remains unchanged, but we are optimizing position management.
Target 1: 0.0115 USDT (nearest liquidity)
Target 2: 0.0135 USDT
Target 3: 0.0160 USDT (medium-term target)
🛡 Risk management (Trailing Stop):
Safe approach: moving the Stop-Loss to breakeven or pulling it up under yesterday's retest low (approximately 0.0098 USDT). This way, we ensure capital preservation in any scenario.
Have you already locked in some profits or are you holding your position until T1? Share your plan in the comments 👇
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