$BANK is currently trading around 0.0427 USDT, down roughly -10% in the last 24 hours. The move into this area was impulsive and emotional, followed by a slowdown — a classic sign of short-term capitulation rather than continuation.
Price has already swept the 0.0425 low, and since then we’re seeing small-bodied candles and weaker selling pressure. On the 1H timeframe, momentum is no longer accelerating downward — instead, it’s compressing. That suggests stabilization, not yet a confirmed reversal.
This is a bounce-or-break zone, not an instant long.
Trade Setup (Speculative Rebound / Range Play)
Entry Zone:
👉 0.0420 – 0.0430
(demand zone after liquidity sweep)
Target 1 🎯:
👉 0.0450
(previous minor support → resistance)
Target 2 🎯:
👉 0.0468
(last breakdown level)
Target 3 🎯:
👉 0.0490 – 0.0500
(only if trend flips with volume)
Stop Loss:
🛑 0.0415
(clean invalidation below range lows)
How to Read This One
Trend is still bearish on higher timeframes
This setup is not a breakout trade, it’s a mean-reversion / bounce attempt
Best confirmation would be:
Higher low on 1H
Reclaim of 0.0445–0.0450 with volume
If $BANK fails to hold 0.042, the downside opens again — no hero trades here.
If it reclaims 0.045 cleanly, then the structure shifts and upside targets come into play.