💰$BANK is currently trading around $0.0430, coming under fresh selling pressure after a new bearish signal emerged.
Technical Analysis (4H timeframe):
🔴 The price is trading around short-term moving averages, with the SHORT Sequence 1 signal suggesting sellers are beginning to regain control and downside momentum is building.
⚠️ The $0.0438–$0.0445 zone is the immediate resistance. Unless BANK breaks and closes above this area, bullish attempts are likely to face renewed selling.
📉 Initial support is located around $0.0420–$0.0424. A break below this zone could extend the decline toward $0.0405–$0.0410.
Outlook: The short-term bias leans bearish, supported by the fresh SHORT Sequence 1 signal and increasing selling pressure. A decisive recovery above $0.0445 would weaken the bearish outlook, while holding below resistance keeps the downside scenario in focus.
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