I’m watching $BANK after a weak bounce into resistance. Price failed to hold above the recent high and sellers stepped in fast. Momentum is fading and structure is still bearish on the lower timeframe. I’m looking for continuation to the downside, not a reversal.
Trade Plan
Entry Zone
0.0342 – 0.0345
Target Points
TP1: 0.0336
TP2: 0.0330
Stop Loss
0.0349
Why this setup works
I’m shorting into resistance after a rejection wick and lower high formation. Volume drops on green candles and increases on red candles, showing sellers are in control. Price is also struggling to reclaim the key intraday level, which makes this a high-probability continuation move rather than a bounce.
BANK
0.0354
+1.43%
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