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BAN is currently in a strong rebound phase on the daily chart, but as the price approaches the key resistance level at 0.09363 (the previous high), the market faces increasing tests. The significance of this level should not be underestimated—it was the starting point of that collapse wave.
From a volume perspective, although trading volume has indeed increased, it has not yet broken through the previous high level. This creates a typical volume-price divergence, which often indicates that the rebound may lack momentum. Meanwhile, the RSI indicator is approaching overbought territory, and the divergence rate is also excessive. All these signals point to the same conclusion: the probability of encountering resistance in the short term is high.
From a chart pattern perspective, the current movement could easily evolve into a double top structure. Considering these technical risks, short-term traders might consider the following approach: place short positions below the resistance level, and wait for a pullback at resistance to capitalize on a technical correction.
Specifically, entries can be made in batches within the 0.0870-0.0900 range (assuming the price does not break the previous high), with a stop loss set at 0.0950 (using 0.0936 as a defensive line, allowing some room for a breakout). Short-term correction targets include the daily support at 0.0780 and the lower boundary of the range at 0.0720. This move is a short-term opportunity to test resistance levels, with the key being risk control.
If it can't break the previous high, it has to be smashed. It's that simple.
RSI is overbought, yet they still talk about a rebound. I really don't understand.
Laying in wait for a short position sounds good, but I just don't know whose wallet is the trap.
Double top pattern? I bet it will skyrocket directly.