$BANK
BANK/USDT Ready for a Massive Move? | Technical Analysis 📊
Attention Traders! 👋
I’ve been watching the BANK/USDT 1H chart closely, and the setup is looking incredibly primed for a bullish continuation. After a period of consolidation, we are seeing strong signs of a reversal.
🔍 Why am I bullish?
Bullish Reversal: Price successfully tested the support at $0.0279 and is now printing solid green candles.
MACD Confirmation: We are seeing a fresh bullish crossover on the MACD. The histogram is turning green, indicating that buying volume is stepping in. 📈
Moving Above Mid-Band: Price has broken above the middle Bollinger Band, which often acts as a pivot point for a trend shift.
RSI Strength: The RSI is trending upwards at 67, showing strong momentum without being "overbought" just yet. There is still room to run! 🚀
🎯 My Trade Setup:
💰 Entry Zone: $0.0305 - $0.0309
🎯 Take Profit 1: $0.0315 (Immediate Resistance)
🎯 Take Profit 2: $0.0330 (Breakout Target)
🛡️ Stop Loss: $0.0288 (To protect capital)
Personal Opinion: The recovery looks organic. If we break the $0.0312 resistance with high volume, we could see a quick 5-10% pump!
What do you think? Are you longing $BANK or waiting for a pullback? Let’s discuss in the comments! 👇
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