$BANK faces strong resistance — short-term correction expected
Trade setup: Sell (SHORT)
Entry area: 0.0385 – 0.0392
First target: 0.0372$BANK
Second target: 0.0360
Third target: 0.0345
Stop loss: 0.0405
The price shows a clear rejection near the resistance area after a rapid rise, indicating weakness in the upward momentum.
The inability to break upwards suggests that sellers may push the price back towards lower support areas.
Trade setup: Sell (SHORT)
Entry area: 0.0385 – 0.0392
First target: 0.0372$BANK
Second target: 0.0360
Third target: 0.0345
Stop loss: 0.0405
The price shows a clear rejection near the resistance area after a rapid rise, indicating weakness in the upward momentum.
The inability to break upwards suggests that sellers may push the price back towards lower support areas.