$BANK /USDT TECHNICAL ANALYSIS – BEARS STILL IN CONTROL, RELIEF BOUNCE ONLY IF SUPPORT HOLDS
Market Next Move (Bearish Bias):
$BANK /USDT is showing weak momentum after rejection near 0.0510, with price currently hovering around 0.0490. Sellers are dominating below the recent high, and the structure suggests a bearish continuation unless buyers strongly defend the demand zone. A short-term bounce is possible, but overall price action favors downside pressure.
Immediate Explanation:
On the lower timeframes, price failed to hold above the resistance zone (0.0505–0.0510) and is trading below key intraday levels. Volume has decreased on upward moves, indicating lack of strong buying interest. If 0.0473 support breaks, the market may accelerate further downward.
Trade Setup
Preferred Setup: SHORT (Trend-Following)
Short Entry: 0.0495 – 0.0505 (on rejection)
Stop Loss (SL): 0.0515
Take Profit 1 (TP1): 0.0473
Take Profit 2 (TP2): 0.0455
Take Profit 3 (TP3): 0.0437
Alternate Setup (Aggressive Long – Counter Trend):
Long Entry: Near 0.0455 (only if strong bullish reaction appears)
Stop Loss: 0.0435
Take Profit: 0.0490 – 0.0505
Short Market Outlook
The overall outlook remains bearish to neutral in the short term. As long as price stays below 0.0510, sellers have the upper hand. A clean break below 0.0473 could open the door for deeper correction, while bulls need a strong reclaim above resistance to flip momentum.
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