๐ $BANK Holding Strong After Volatility โ Setup Forming
$BANK is trading near $0.0470, up +5% on the day, after a sharp impulse move and quick shakeout. Price didnโt collapse โ instead it recovered fast and moved into tight consolidation, which usually signals absorption, not distribution.
๐ What stands out:
Strong rejection from the spike low โ buyers stepped in fast
Sideways price action above $0.0465 โ support holding
Lower timeframes show range compression, often before expansion
๐ Trade Idea (Intraday / Short-Term):
Entry Zone: $0.0465 โ $0.0472
Targets: $0.0490 โ $0.0510
Stop: $0.0448 (range breakdown)
Bias stays neutral-bullish as long as price holds above support. A clean break above $0.049 with volume could trigger the next leg.
Trade the structure. Manage risk.
