๐ Altcoin $BANK โ short continuation setup
๐ Technical analysis
BANK remains in a broader bearish structure, with price holding below the EMA cluster and the descending trendline acting as strong dynamic resistance.
Recent upside attempts are accompanied by declining volumes, indicating a lack of real buyer interest and reinforcing the corrective nature of the move.
On the momentum side, bearish divergence is visible between price and RSI, while RSI itself has recently entered a local overbought zone, increasing the probability of a pullback.
Overall structure, momentum, and volume behavior favor continuation to the downside rather than reversal.
๐ก Technical scenario (Short)
๐ฏ Entry zone: 0.0518 โ 0.0530
๐ฏ Targets:
โข 0.0505
โข 0.0490
โข 0.0475
โ๏ธ Stop-loss: above 0.0545
๐ Confirmation required: rejection from the 0.052โ0.053 resistance area with weak volume and continuation below the EMA cluster.