$BANK /USDT – Heavy Selloff Stabilizing at Support, Early Signs of Relief Bounce
$BANK continues to trade weak after a deep intraday selloff, currently sitting around $0.0423 (-6.62%). Price swept the $0.0417 low and has since begun forming a slow, structured bounce. Bears still control the broader trend, but momentum is shifting toward a possible short-term recovery.
Key Technical Notes
Strong downward continuation from the $0.0442 – $0.0454 zone.
Liquidity grab at $0.0417, followed by a steady series of higher lows on the 15m chart.
Current structure shows compressing candles — common before a relief move.
No bullish breakout yet, but selling pressure is easing.
🎯 Long Setup (Relief Bounce After Liquidity Sweep)
Entry Range:
➡️ $0.0418 – $0.0423
Targets:
TP1: $0.0429
TP2: $0.0436
TP3: $0.0444 (major resistance + breakdown origin)
Stop Loss:
❌ $0.0413
🔻 Short Setup (If Relief Rally Fails at Resistance)
Entry Range:
➡️ $0.0434 – $0.0444
Targets:
TP1: $0.0425
TP2: $0.0419
TP3: $0.0413 (fresh low retest)
Stop Loss:
❌ $0.0450
📌 Outlook
BANK/USDT remains in a clear bearish trend, but the $0.0417 sweep has created space for a short-term bounce.
For bulls to reclaim structure, price must close above $0.0444.
Until then, this remains a range-to-downtrend environment, favoring reactive scalps and short setups near resistance.
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