KLAY/USDT Need to breakout the trendline for continue upward !!
💎KLAY has recently demonstrated noteworthy market dynamics, with a short-term bullish trend evident on the chart.
💎 To sustain this positive momentum, KLAY needs to break out above the resistance trendline. Failure to do so could result in a downward movement back to the support area, where it would seek to gather momentum for a potential bounce.
💎 A successful breakout above the trendline would open up the probability of a retest of the strong resistance area. Conversely, if KLAY fails to bounce from the support at 0.1795 and breaches the demand area, it could trigger a continuation of the downward movement, with the next significant support located at the demand area.
💎 The demand area holds crucial significance as KLAY needs to bounce from it and reclaim the area above the support to sustain its upward movement.
💎 However, if KLAY consolidates within the demand area for an extended period without bouncing, it could signal a loss of demand and a potential shift back to bearish momentum, leading to further downward movement towards key support levels.
💎 To sustain this positive momentum, KLAY needs to break out above the resistance trendline. Failure to do so could result in a downward movement back to the support area, where it would seek to gather momentum for a potential bounce.
💎 A successful breakout above the trendline would open up the probability of a retest of the strong resistance area. Conversely, if KLAY fails to bounce from the support at 0.1795 and breaches the demand area, it could trigger a continuation of the downward movement, with the next significant support located at the demand area.
💎 The demand area holds crucial significance as KLAY needs to bounce from it and reclaim the area above the support to sustain its upward movement.
💎 However, if KLAY consolidates within the demand area for an extended period without bouncing, it could signal a loss of demand and a potential shift back to bearish momentum, leading to further downward movement towards key support levels.
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