$BANK Price has bounced strongly from the 0.0335 support zone, which suggests buyers stepped in decisively after the recent sell-off. This level now acts as an important short-term base.
BANK is currently trading around 0.0361, slightly above the MA 7, but still hovering near the MA 25 and well below the MA 99. This tells me that while short-term momentum is improving, the broader trend is still in recovery mode and not fully bullish yet.
What stands out most here is the strong green candle with rising volume. This shows real participation from buyers rather than a weak relief bounce. Momentum indicators have also turned upward, signaling growing strength, though they are starting to heat up.
My trade plan if I want to buy BANK:
An aggressive long can be considered if price holds above 0.0358–0.0360, with tight risk management.
A safer long would be to wait for a pullback toward 0.0348–0.0352 and see if this area holds as support.
Targets:
The first resistance zone is around 0.0378–0.0385.
If momentum continues and volume supports the move, the next upside target lies near 0.040–0.041.
Risk management:
A break below 0.0345 would weaken this setup. If price falls back below 0.0335, the structure turns bearish again, and there would be no clear reason to stay in the trade.
This is a recovery-based setup, not a straight breakout play. Trade light, take partial profits on the way up, and stay flexible. Let price confirm strength, and always manage your risk properly.
