💎ID has recently exhibited notable market dynamics, particularly as it confronts the challenging combination of the Bearish OB and a robust supply zone following an impressive surge of nearly 100% within a single day.
💎 Should ID successfully breach this formidable area, it could signal further upward momentum, probability leading to the attainment of our target in the bearish OB zone.
💎 Conversely, if ID falters in its attempt to overcome this strong supply barrier, a rejection could occur, prompting a downward trajectory. In such a scenario, the price might retreat to the demand area around 0.392.
💎 Within this demand zone, there exists the potential for a rebound, propelling the price back upwards to establish new momentum and potentially break through the formidable supply zone.
💎 However, failure to rebound from the demand area, and subsequent breakdown, would be unfavorable, signaling a return to downward movement with the price likely descending further towards the support level or possibly even lower.