$BANANA is approaching a supply zone where sellers are likely to step in.
$BANANA has risen from 3.07 to 3.8 — a 23% gain. Price is now nearing a resistance level where selling pressure has historically increased. RSI at 66 — getting warm. Volume is moderate but fading.
Trading Plan Short $BANANA
Entry: 3.75 – 3.81
SL: 3.92
TP1: 3.58
TP2: 3.35
TP3: 3.10
The recent recovery has carried price back into an area that previously acted as resistance. The move higher still appears corrective. If sellers defend this zone, we could see a pullback toward the liquidity beneath the recent swing lows.
#Semiconductor supply chain shifts #Fed rate cut expectations drop #US Bitcoin Reserve faces interagency clash #Yen carry trade intensifies
