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Bullish outlook for BANANA/USDT 1-Hour Chart
BANANAUSDT SPOT
Long
Bullish outlook for BANANA/USDT 1-Hour Chart
By TopGBanks
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Jul 18
3
Jul 18
The red highlighted area around 55.8338 marks a strong support zone where the price has previously found buyers.
This level has been tested multiple times, indicating its importance.
The horizontal red line at 87.2391 indicates a major resistance level.
This level has been identified as a potential target for the upward movement.
There was a significant spike in price, breaking out above the support zone and moving towards higher levels.
The price is currently consolidating after the breakout, indicating a potential continuation of the upward move.
Ensure proper position sizing to avoid overexposure to market volatility.
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