Watch for a breakout from the #BANKUSDT

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๐Ÿ“ The price of BANKUSDT.P is approaching the apex of the pattern โ€” a breakout from consolidation is expected soon. The main scenario favors a downward breakout, with a short opportunity if confirmed.
๐Ÿ“ Important note: โžก๏ธ Donโ€™t rush the entry! Wait for a clear breakout from the pennant and confirmation of the direction.
๐Ÿ“ Beware of fakeouts โ€” the key to success lies in confirmation with candle closes and volume.

๐Ÿ“‰ SHORT BANKUSDT.P from $0.04118
๐Ÿ›ก Stop loss: $0.04284
๐Ÿ•’ Timeframe: 1H

๐Ÿ“ข Overview:

โžก๏ธ The main structure of BANKUSDT.P remains bearish, showing consolidation after a drop.
โžก๏ธ A break below the $0.04118 support will trigger the Bearish Pennant pattern.
โžก๏ธ Volume increase on the breakout will confirm sellers' dominance.

๐ŸŽฏ TP Targets for SHORT:
๐Ÿ’Ž TP 1: $0.04010
๐Ÿ’Ž TP 2: $0.03900
๐Ÿ’Ž TP 3: $0.03815

๐Ÿ“ข Entry conditions for BANKUSDT.P :
Enter only after a clear breakdown and candle close below $0.04118, ideally with volume confirmation.
๐Ÿ“ข If the price holds above $0.04588, the structure may be invalidated, and the short scenario should be reconsidered.

๐Ÿ“ˆ LONG BANKUSDT.P from $0.04652
๐Ÿ›ก Stop loss: $0.04501
๐Ÿ•’ Timeframe: 1H

๐Ÿ“ข Overview:

โžก๏ธ Price is compressing inside a Bearish Pennant, but there is still potential for a fake breakout upward.
โžก๏ธ A breakout above the pennant on strong volume may lead to a bullish impulse.
โžก๏ธ The $0.04652 level is key for a long entry after confirmation.

๐ŸŽฏ TP Targets for LONG:
๐Ÿ’Ž TP 1: $0.04760
๐Ÿ’Ž TP 2: $0.04870
๐Ÿ’Ž TP 3: $0.04970

๐Ÿ“ข Entry conditions:
Enter only after a confident breakout above $0.04652 and a solid candle close (preferably with high volume).

๐Ÿš€ Watch for a breakout from the BANKUSDT.P structure and trade only in the confirmed direction. Either way โ€” there is good movement potential and the R/R ratio is solid in both directions!

Penafian

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