$BANK Signal | Breaks above on 1H and chase long, Bollinger Bands open upward

$BANK The last 1H bullish candle breaks out above the Bollinger Band upper track at 0.3688 on increased volume, and the MACD golden cross continues. On 4H, the Bollinger Bands widen, and the upper track at 0.3628 has already been broken. Depth imbalance -11.79%, with slightly higher sell-side pressure, but bids outweigh by 0.79, showing limit-order support.

🎯Direction: Go long

⚡Entry/Limit orders: 0.3623796 - 0.3634700

🛑Stop loss: 0.3452965

🚀Target 1: 0.3907303

🚀Target 2: 0.4043604

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss up to breakeven. If price falls back to the entry zone, automatically exit to protect principal.

From 0.29 to 0.36, 4H volume has expanded but OI remains stable, and the funding rate at 0.005% is relatively low—no sign of overheating. The current breakout is above the prior high of 0.3628, and short-term long momentum is sufficient. RSI on 1H is 61.99 and hasn’t entered overbought territory, with room to the upside. My personal view is that the risk-reward ratio is acceptable, but watch out for a false breakout.

Check live price 👇 $BANK
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