🚨 $BAN SHORT: MOMENTUM FADING AT RESISTANCE? 📉 [Short]
BAN (Comedian) is showing signs of local exhaustion after a solid intraday rally. Despite an +11.83% gain today, the price has hit a ceiling at the 0.08381 resistance and is now struggling to maintain its position above the short-term moving averages.
📉 TRADE SETUP
Entry Zone: 0.08030 – 0.08200 (Watch for rejection near the EMA 7)
Target 1: 0.07650 (Previous consolidation support)
Target 2: 0.07052 (Retest of the 24h Low)
Stop Loss: 0.08550 (Safe buffer above the recent 0.08485 peak)
🔍 THE ANALYSIS
The 1H chart indicates a potential bearish shift as the MACD histogram has officially turned negative (-0.00004), suggesting that the upward momentum is drying up. The price is currently trading right at the EMA 7 (0.08083); a clean break below the EMA 25 (0.07932) would likely trigger a swift move toward the lower support levels as buyers take profits. While the long-term trend (180 days) is up 41.17%, the short-term 7-day performance is down -1.57%, making this a tactical mean-reversion trade.
Will BAN hold the 0.079 level, or is it sliding back to the 0.070 base? Drop your vote below! 👇
