$BAN
tanking at 4.1%, capitulation or manipulation?
- I expect further downside pressure in the immediate term due to the strong bearish momentum and lack of significant absorption at current levels. This is not likely “the bottom” just yet, especially without consolidation or signs of seller exhaustion.
- If price retests 0.07919–0.08325 and fails to break above with conviction, look for short entries in this region. Entry example: 0.08100 on rejection, with take profit at 0.07650 and stop-loss above the swing high of the rejection candle.
- If price flushes below 0.07650 and then rapidly reclaims it on high volume with a bullish engulfing or pin bar, aggressive longs could target 0.07919 and 0.08325 for a quick relief rally, but this is against the trend and only for quick scalps.
- The trend will only start to shift if price can reclaim and hold above 0.08325 and especially 0.08792. Until then, rallies are likely to be sold.
- If 0.07650 breaks and holds below, expect a move toward 0.07421 or even 0.06974.
- Bias will flip bullish only with a reclaim and close above 0.08792 on strong volume and clear reversal signals.
This is not investment advice, only an educational analysis to help you understand the key price action and levels.