$BANANA is bleeding, but I’m not calling it dead.
Sellers are still heavier today, but leverage is getting flushed and price is sitting near the zone where buyers need to show up.
Reclaim $2.70-$2.80 and this starts looking interesting again.
Lose $2.45 and bears stay in control.
This is the spot where conviction gets tested.
Sellers are still heavier today, but leverage is getting flushed and price is sitting near the zone where buyers need to show up.
Reclaim $2.70-$2.80 and this starts looking interesting again.
Lose $2.45 and bears stay in control.
This is the spot where conviction gets tested.