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$BAN Showing a powerful breakout, with an explosive upward momentum and a continuous formation of higher highs. The clearly expanding momentum indicates that the bulls are fully in control of the market after breaking through an important resistance zone.
After the accumulation phase, the price has decisively rebounded with strong buying pressure. This reflects the FOMO sentiment beginning to appear and capital favoring long positions in the short term.
📈 Trading Scenario (Long)
⟶ Entry zone: 0.0910 – 0.0925
⛔ Stop Loss: 0.0880
• Take Profit: 0.0960 – 0.1000
Currently, the 0.0900 level acts as an important support zone. As long as the price remains above this area, the short-term bullish structure remains intact.
If the BUYERS continue to hold above 0.0940, there is a high probability that the market will trigger another upward move, targeting the 0.0960 – 0.1000 zone in the near future.
Overall, the short-term trend still leans towards the bulls. However, traders should strictly follow risk management and not forget to set Stop Loss to protect their accounts in case of unexpected market volatility.
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