💎 ONE has recently encountered significant market dynamics. Currently, it is facing resistance in the supply area. In the previous attempt, ONE was rejected upon reaching this supply area.
💎 If ONE manages to successfully break out above the supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area.
💎 However, if ONE fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the demand area to seek new momentum.
💎 The demand area holds crucial significance for ONE. The price must bounce from this level to attempt another breakout above the supply. Failure to sustain the demand area, indicated by a breakdown, would be a bearish sign.
💎 In such a scenario, ONE may switch back to a bearish trend, potentially leading to further downward movement towards the support area or even lower levels.
💎 If ONE manages to successfully break out above the supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area.
💎 However, if ONE fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the demand area to seek new momentum.
💎 The demand area holds crucial significance for ONE. The price must bounce from this level to attempt another breakout above the supply. Failure to sustain the demand area, indicated by a breakdown, would be a bearish sign.
💎 In such a scenario, ONE may switch back to a bearish trend, potentially leading to further downward movement towards the support area or even lower levels.
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.
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.