$BANK /USDT SHORT TRADE SIGNAL🔴
Price action on BANK/USDT shows a clear rejection from the upper resistance zone near 0.0376–0.0378, where strong selling pressure pushed price sharply down. The long upper wick followed by a heavy bearish candle indicates exhaustion of buyers after the recent push. Price is currently hovering around 0.0368, sitting below the rejection area and struggling to reclaim the previous highs, which keeps bearish momentum active.
Key resistance remains at 0.0374–0.0378, acting as a supply zone, while immediate support lies around 0.0365, with a deeper support zone near 0.0360. A sustained move below 0.0365 can open continuation toward lower liquidity levels, while only a strong reclaim above 0.0378 would invalidate the short bias.
Trade Setup
• Entry Point: 0.0368 – 0.0372
• Stop Loss: 0.0381
• Take Profit:
• TP1: 0.0365
• TP2: 0.0360
• TP3: 0.0355
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
Overall structure favors a short-term bearish continuation after rejection from resistance, with sellers likely to test dlower support zones before any meaningful recovery. 📉🔴
