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$BANK Holding Strong: Is a Volatility Breakout Next?
While the broader market catches its breath,
$BANK is showing impressive resilience. Trading around $0.0470 (up +5% today), the price successfully absorbed a recent "shakeout" spike without collapsing.
This fast recovery into a tight consolidation range is a classic sign of accumulation. When price compresses like this, a big move is usually just around the corner. 🚀
🔍 Why the Chart Looks Bullish:
Fast Recovery: Buyers stepped in instantly after the recent dip.
Support Confirmation: Sideways action is holding steady above $0.0465.
Range Compression: Lower timeframes show the "coiling" effect—often the precursor to a massive expansion leg.
📈 Tactical Trade Setup:
Entry Zone: $0.0465 – $0.0472
Target 1: $0.0490 (Initial Resistance)
Target 2: $0.0510 (Expansion Target)
Stop Loss: $0.0448 (Invalidation level)
The Bottom Line: As long as we hold above the $0.0465 support, the bias remains neutral-bullish. A high-volume break above $0.049 will likely trigger the next major leg up. 📈
By: Nabiha Noor
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