Trading Signal $BANANA
Timeframe: One hour
Direction: Strong bullish breakout
Market Condition: High momentum with clear increase in volatility
Current Price: 8.5
The price broke through the accumulation range strongly via a clear bullish candle supported by high trading volume, indicating the entry of new buying pressure and a potential continuation of the upward move.
Trade Setup (Buy):
Entry Zone: 8.10 – 8.5 (prefer waiting for a slight pullback for confirmation)
Targets:
First Target: 8.60
Second Target: 9.00
Third Target: 9.50
Stop Loss: 7.60
Key Levels:
Support: 7.80 – 8.00
Resistance: 8.60 → 9.00
Momentum Outlook: A breakout accompanied by large trading volume after an accumulation phase enhances the likelihood of the bullish trend continuing. As long as the price remains above 8.00, the bullish structure stays intact. Additionally, holding above 8.50 could lead to acceleration toward the higher targets.
Important Note:
Given the strength of the current move, risk management should be exercised carefully, and late buying without confirmation or a proper pullback should be avoided.
🍌 $BANANA
