BAN Futures (BANUSDT) has been quite interesting in the recent trading sessions. The RSI on the 15-minute, 1-hour, and 4-hour charts has all entered overbought territory, which usually indicates that the rebound might be overextended. However, the MACD histogram on the 1-hour chart is still expanding, suggesting that the upward momentum has not fully dissipated. But there is a hidden risk—trading volume has shrunk significantly, with a decline of 91.6%, and the divergence between volume and price is quite obvious.
Let's look at some key levels: the current price is at the psychological level of 0.0900, with resistance at 0.0920 and 0.0950 above, and support at 0.0880 and 0.0850 below.
The trading plan is as follows: if the price breaks above and stabilizes at 0.0920, consider going long towards 0.0950, with a stop loss at 0.0905; conversely, if it falls below 0.0880, switch to short positions targeting 0.0850, with a stop loss at 0.0895. If the price swings within this range, it's best to stay on the sidelines and avoid chasing highs.
My personal approach is to wait and see: after the price effectively breaks above 0.0920 and then pulls back without breaking below, consider entering a small long position. Alternatively, if it breaks below 0.0880, go short. Currently, the overbought signals are obvious, and with volume-price divergence, forcing an entry at this point carries significant risk.
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OldDengIsBothInexperiencedAnd
· 14h ago
Hold on tight, we're about to take off 🛫
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FlashLoanPrince
· 16h ago
The divergence between price and volume is so obvious, I still have to wait. Don't get fooled by the rebound.
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ProxyCollector
· 16h ago
Is it worth chasing when the divergence between price and volume is so obvious? I think it's quite risky. Maybe wait until the breakdown is confirmed before making a move.
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NFTArchaeologist
· 16h ago
The decline is so severe, it's down to 91.6%. I don't have the guts to chase after it.
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CommunityLurker
· 16h ago
The divergence between price and volume is so obvious that I really don't dare to chase the highs. I feel like I'm just waiting for a clear directional signal.
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SerNgmi
· 16h ago
Such obvious divergence between price and volume, forcing entry is just throwing money away.
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GasGrillMaster
· 16h ago
Even with such obvious divergence between price and volume, still daring to chase the high? Really need to slow down.
BAN Futures (BANUSDT) has been quite interesting in the recent trading sessions. The RSI on the 15-minute, 1-hour, and 4-hour charts has all entered overbought territory, which usually indicates that the rebound might be overextended. However, the MACD histogram on the 1-hour chart is still expanding, suggesting that the upward momentum has not fully dissipated. But there is a hidden risk—trading volume has shrunk significantly, with a decline of 91.6%, and the divergence between volume and price is quite obvious.
Let's look at some key levels: the current price is at the psychological level of 0.0900, with resistance at 0.0920 and 0.0950 above, and support at 0.0880 and 0.0850 below.
The trading plan is as follows: if the price breaks above and stabilizes at 0.0920, consider going long towards 0.0950, with a stop loss at 0.0905; conversely, if it falls below 0.0880, switch to short positions targeting 0.0850, with a stop loss at 0.0895. If the price swings within this range, it's best to stay on the sidelines and avoid chasing highs.
My personal approach is to wait and see: after the price effectively breaks above 0.0920 and then pulls back without breaking below, consider entering a small long position. Alternatively, if it breaks below 0.0880, go short. Currently, the overbought signals are obvious, and with volume-price divergence, forcing an entry at this point carries significant risk.