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$BANANAS31 For several days the market was moving sideways around the 0.0047–0.0050 range. That area acted as accumulation. You can see buyers repeatedly defending that zone before the move started.
After that, momentum stepped in and price pushed upward, creating higher lows and steady continuation candles. Now the market is approaching the 0.0066–0.0068 resistance zone, which is clearly marked on the chart.
That area matters because it previously rejected price.
Right now price is testing the level again, and if this resistance flips into support the next expansion leg could begin.
From a structure perspective the trend is still bullish.
Trade setup:
Entry: 0.0064 – 0.0066 pullback area
Stop Loss: 0.0059
Targets:
TP1: 0.0072
TP2: 0.0080
TP3: 0.0090
The key thing I’m watching is whether the market holds above the breakout zone.
If buyers maintain control there, momentum traders will likely push the next move higher.
#BANANAS31
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