$BANK /USDT TECHNICAL ANALYSIS
BEARISH PRESSURE BUILDING – PRICE LIKELY TO CONTINUE LOWER 📉
$BANK /USDT is showing signs of weakness after failing to sustain above the 0.0505–0.0510 resistance zone. The price is currently trading below key short-term resistance and struggling to regain bullish momentum. Lower highs and rejection from resistance indicate sellers are in control, suggesting a potential continuation toward lower support levels unless a strong volume-backed breakout occurs.
🔴 Trade Setup (Short Position)
Entry (Short): 0.0485 – 0.0490
Targets (TP):
TP1: 0.0473
TP2: 0.0455
TP3: 0.0437
Stop Loss (SL): 0.0512 (above resistance)
📊 Key Technical Levels
Immediate Resistance: 0.0505 – 0.0510
Immediate Support: 0.0473
Major Support: 0.0455 → 0.0437
🧭 Market Outlook
Overall market structure remains bearish in the short term. Unless
$BANK /USDT reclaims and holds above 0.0510 with strong volume, downside pressure may persist. Cautious trading is advised, with preference toward short setups until trend reversal confirmation appears.
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