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BANANA's recent performance has indeed attracted attention—17% daily increase, with trading volume surging by 666%, looking very prosperous. But upon calmly analyzing the K-line, things are not that simple.
The 4-hour chart actually shows a downtrend, with a decline of -3.7%. More interestingly, the 1-hour MACD has already formed a death cross. Although the price is rallying, the RSI has just crossed above 51, indicating there is no strong momentum support. It's like someone running with a fast heartbeat—looking lively, but actually lacking sufficient energy.
Volume-price divergence is often a turning point. Increasing trading volume usually indicates two possibilities: one is market turnover, and the other is major players distributing. When the price hits a new high, the MACD histogram turns negative, which is a divergence—considered a risky technical signal. Historically, high-volume peaks often signal distribution opportunities.
Therefore, my judgment is to short on rallies. Entry around 7.50 USDT, with a stop-loss if the price breaks above 7.85. The target levels are set at 6.90 and 6.40 respectively. The idea is clear: short-term sentiment is overheated, and chasing the rally carries high risk. Of course, if BANANA can strongly break through the previous high and stabilize, I will reconsider my stance.
The market always has different voices; the key is to understand the logic behind the price.