$BAND /USDT BEARS TAKE CHARGE — FURTHER DOWNSIDE LIKELY
$BAND is under heavy selling pressure after failing to hold the 0.356 resistance, sliding toward daily lows near 0.318. Momentum remains bearish, volume confirms distribution, and short-term buyers are struggling to defend key support zones. The trend favors continued downside.
Trade Setup
- Entry Zone: 0.323 – 0.327 (sell on pullback)
- Take Profit 1: 0.318
- Take Profit 2: 0.312
- Take Profit 3: 0.305
- Stop Loss: 0.356 (above recent swing high)
Market Outlook
BAND is trading below key EMAs and moving averages across multiple timeframes, confirming a bearish trend structure. The 0.318 support is critical; a break below could trigger accelerated downside. Any bounce is likely corrective unless price reclaims 0.327–0.332 with conviction.
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