BANANA's recent performance has indeed been eye-catching. The price has broken through the upper band of the Bollinger Bands, which usually indicates increasing market participation. In terms of trading volume, the recent several candlesticks show a clear accumulation of volume, and the enthusiasm of the bulls is evidently rising.
On the technical side, the MACD has formed a golden cross, and the divergence is quite large, indicating that the upward momentum is still in the release stage. Under these circumstances, the short-term upward inertia may continue. More importantly, the previous low point has now become a very solid support line. As long as this support holds, the bulls have reason to remain optimistic about the future market.
Of course, the reason the market has reached this point is mainly because market participation is indeed increasing, and the momentum of capital injection should not be underestimated. From the current technical pattern, there are no obvious signs of a trend reversal for now.
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ImaginaryWhale
· 11h ago
Bollinger Bands are all broken, is this really the moment to take off? I’ve been trapped so many times before, now looking at the candlesticks I have a bit of PTSD
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MACD golden cross with such a large gap? It indicates that the main force is really throwing money in, this rhythm is a bit fierce
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Whether the support line can hold is the key, if it breaks, it's goodbye
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The volume accumulation is so obvious, it feels like it’s not just small investors playing around, there’s big capital pushing behind the scenes
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The market has come this far, I just want to know how much longer it can continue, I haven’t recovered from the pain of cutting losses yet
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Damn, I finally see some hope. If this is another false alarm, I’ll just go all-in and hold a zero position
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Short-term inertia continues? Then I’ll just keep holding, anyway it’s not going to fall much further
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No sign of a bullish trend stopping? Uh... then it means it’s still going up, I can’t sit still anymore
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Why does someone always hype it up so much, and then turn around to dump the market, who knows
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LiquidationWatcher
· 11h ago
This move by banana is indeed impressive, but I've seen Bollinger Band breakthroughs many times... The real key is whether it can truly hold that support line.
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GasWaster
· 11h ago
Bollinger Band breakout volume accumulation, this rhythm feels a bit familiar... Did it happen like this last time?
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LiquidatedAgain
· 11h ago
What’s the big deal if the upper Bollinger Band breaks? I thought the same last time, and it turned out the liquidation price was much closer than I imagined.
Once again, I was fooled by technical patterns. Whether the support line holds or not all depends on market sentiment.
View OriginalReply0
TokenTherapist
· 12h ago
Banana, this wave is really strong. I bet the support won't break.
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Bollinger Band break accompanied by this volume, the bulls indeed still have room.
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Wait, is this support line really solid? It feels a bit risky.
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With such strong capital push, what is there to fear? Just keep holding.
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Golden cross divergence? I am optimistic about the upcoming trend.
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No matter how good the words are, it depends on whether the support holds. That's the key.
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No signals of a trend reversal mean good news. Let's keep eating the gains.
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The accumulated volume truly doesn't lie. This time is different.
BANANA's recent performance has indeed been eye-catching. The price has broken through the upper band of the Bollinger Bands, which usually indicates increasing market participation. In terms of trading volume, the recent several candlesticks show a clear accumulation of volume, and the enthusiasm of the bulls is evidently rising.
On the technical side, the MACD has formed a golden cross, and the divergence is quite large, indicating that the upward momentum is still in the release stage. Under these circumstances, the short-term upward inertia may continue. More importantly, the previous low point has now become a very solid support line. As long as this support holds, the bulls have reason to remain optimistic about the future market.
Of course, the reason the market has reached this point is mainly because market participation is indeed increasing, and the momentum of capital injection should not be underestimated. From the current technical pattern, there are no obvious signs of a trend reversal for now.