โ๐
$BANK Holding Strong: Is a Volatility Breakout Next?
โWhile the broader market catches its breath,
$BANK is showing impressive resilience. Trading around $0.0470 (up +5% today), the price successfully absorbed a recent "shakeout" spike without collapsing.
โThis fast recovery into a tight consolidation range is a classic sign of accumulation. When price compresses like this, a big move is usually just around the corner. ๐
โ๐ Why the Chart Looks Bullish:
โFast Recovery: Buyers stepped in instantly after the recent dip.
โSupport Confirmation: Sideways action is holding steady above $0.0465.
โRange Compression: Lower timeframes show the "coiling" effectโoften the precursor to a massive expansion leg.
โ๐ Tactical Trade Setup:
โEntry Zone: $0.0465 โ $0.0472
โTarget 1: $0.0490 (Initial Resistance)
โTarget 2: $0.0510 (Expansion Target)
โStop Loss: $0.0448 (Invalidation level)
โThe Bottom Line: As long as we hold above the $0.0465 support, the bias remains neutral-bullish. A high-volume break above $0.049 will likely trigger the next major leg up. ๐
โBy: Nabiha Noor
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