@Lorenzo Protocol #lorenzoprotocol
$BANK is showing signs of local bottoming after a steep downtrend, with a potential reversal setup forming near the 0.0417–0.0420 demand zone. Price has printed a small double-bottom pattern on the 1H chart, holding above key intraday support.
The falling volume on the recent red candles suggests seller momentum is weakening, while a push above 0.0430 could trigger a short squeeze back to prior breakdown levels.
If buyers reclaim 0.0436, a recovery toward 0.0450–0.0460 is likely, especially with oversold conditions and improving market sentiment.
Trade Setup (Long)
Entry Range: 0.0423 – 0.0426
Target 1: 0.0436
Target 2: 0.0450
Target 3: 0.0456
Stop Loss: 0.0416
BANKUSDT
Perp
0.0415
-5.23%