ORNUSDT Will It Hold the Line or Break Down Further?
Yello, Paradisers! Are you prepared for the next big move in #ORNUSDT?
đź’Ž#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
đź’ŽHowever, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
đź’ŽHistorically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
đź’ŽOn the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
đź’Ž#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
đź’ŽHowever, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
đź’ŽHistorically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
đź’ŽOn the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
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Follow a team of traders with 10+ years of experience?
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