$BANANAS31 The 1H Breakdown –
If you’re looking to scalp or enter BANANAS31 (Banana For Scale), the 1-hour chart is providing a very clear roadmap. After the recent surge, the price is currently battling a key psychological and technical "squeeze zone."
🛡️ The Floor (Support Levels)
If we see a pullback, these are the areas where the "Whales" have historically stepped back in:
Primary Support: $0.0040 – This is the must-hold line. A dip here is often viewed as a "healthy retest" of the previous breakout.
Deep Support: $0.0035 – This aligns with the 99-period EMA. If the price touches this, it’s a high-interest zone for long-term accumulators.
🧱 The Ceiling (Resistance Levels)
The "Bears" are currently defending these price points:
Immediate Hurdle: $0.0043 – This aligns with the 38.2% Fibonacci level. We are seeing a lot of "sell-side" pressure here right now.
The Breakout Target: $0.0047 – This is the "Squeeze Zone." A clean hourly candle close above this could trigger a fast move toward $0.0050+.
💡 Trader’s Strategy:
"Wait for the retest or play the breakout."
For Buyers: Look for entries near the $0.0040 support with a tight stop loss just below $0.0037.
For Sellers: Take partial profits at the $0.0043 - $0.0045 range to secure gains while the RSI is still cooling down.
Current Momentum: Bullish 🟢 (but overbought).
Volume Check: High volume is supporting the current level, which is a great sign for trend stability.
What’s your move? Are you setting your buy orders at $0.0040 or chasing the breakout? 🚀
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#SupportAndResistance $BANANAS31