I noticed that BANANA has risen quite a bit these days, and just when it reached that resistance zone, that's when the sellers started to put pressure. The banana traders have seen how the momentum quickly reversed, candles lost strength, and the technical structure aligned to continue downward. The price is now at $3.43, with a 4.48% bullish move in 24h, but looking at the chart, as long as it stays below that failed breakout level, there is room for it to keep falling toward lower supports.



For banana traders considering shorts, the setup looks clear. The important thing is to stay disciplined with risk, not to be driven by FOMO. The downward move has plenty of room if sellers remain in control. You need to wait for confirmation and not jump the gun—that's what I've learned over the years watching these movements.
BANANA3,9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin