Yello, Paradisers! Are you prepared for #BONDUSDT's potential breakout? This analysis will keep you on the edge of your seat!
đź’Ž#BOND has shown a price rebound from the demand zone and is attempting to break out of the descending resistance. A successful breakout of this resistance could be a positive sign for the next movement of BOND.
đź’ŽHowever, for a shift to a bullish trend, the price needs to break through the supply zone around the 2.8 area. If this happens, there's a high probability that the price will move significantly upward, possibly reaching our target resistance and the strong resistance area.
đź’ŽOn the flip side, if BOND fails to break out of the descending resistance and gets rejected, the price will likely move downward and revisit the demand area.
đź’ŽThe demand area at 1.88 is a crucial level for BOND. It needs to rebound and attempt to break out of the descending resistance again. But if BOND fails to rebound and breaks through the demand area, the bullish scenario will be invalidated, and the price could dip further.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest probability trading opportunities. Stay focused, patient, and disciplined, Paradisers.
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