Signal Type: SHORT (Rejection Play)
Pair: $BANANA / USDT
The Setup:
Price rejected hard at $5.48 and is now struggling to hold gains. Currently sitting at $4.814 with lower highs forming on the 1H chart.
Volume is drying up on bounces that tells me buyers are exhausted. MACD showing bearish divergence.
Trade Plan:
Entry: $4.85 - $4.90 (Retest of resistance)
Stop Loss: $5.10 (Above recent swing high)
Targets: $4.60 / $4.40
My Take:
Pump looked good but momentum is fading. If price fails to break $5.00, sellers will take control. Quick short scalp possible here.