$BANK Just experienced a strong rejection at the 0.0390 resistance zone after a quite impressive upward move. This indicates that selling pressure is beginning to clearly appear as the price enters a sensitive area, while momentum on the short-term timeframe is showing signs of weakening.


Currently, the sellers are gradually gaining the upper hand as the price cannot sustain its upward momentum and starts to face correction pressure. If this trend continues, it is highly likely that $BANK will enter a short-term pullback before determining the next direction.
📈 Trading strategy (Short – $BANK/USDT):
⟶ Entry zone: 0.0376 – 0.0380
🎯 Take profit:
• TP1: 0.0368
• TP2: 0.0360
• TP3: 0.0352
⛔ Stop loss: 0.0393
Overall, this is a setup for a short-term correction, suitable when the market is losing upward momentum. However, risk management should be strict because if the price breaks above the resistance zone, the downward scenario will no longer be valid.
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