BOND/USDT Keep an eye on the support!! Potential strong bounce.
💎 BOND has recently shown notable market dynamics, experiencing rejection at the supply level.
💎 There's a possibility that the price will undergo a retesting phase, initially targeting the support level around 3.51. If successful, a bounce from this support could propel the price higher, aiming to revisit the supply area once again.
💎 However, if BOND fails to find support at the aforementioned level and breaks down below it, the price may retreat further towards the 4-hour demand area to gather new momentum.
💎 The demand area holds significance, as it typically serves as a level for potential price rebounds. Yet, if BOND fails to bounce from this demand zone and breaches it, it could indicate further downward movement, potentially leading to additional declines.
💎 There's a possibility that the price will undergo a retesting phase, initially targeting the support level around 3.51. If successful, a bounce from this support could propel the price higher, aiming to revisit the supply area once again.
💎 However, if BOND fails to find support at the aforementioned level and breaks down below it, the price may retreat further towards the 4-hour demand area to gather new momentum.
💎 The demand area holds significance, as it typically serves as a level for potential price rebounds. Yet, if BOND fails to bounce from this demand zone and breaches it, it could indicate further downward movement, potentially leading to additional declines.
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.