#BANDUSDT Shows Signs of a Potential Bullish Breakout

Jun 2, 2023

💎 The formation of a double bottom on #BANDUSDT could be the signal bulls have been eagerly anticipating. Interestingly, we're seeing similar patterns across multiple coins recently. However, with #BAND, we're also observing how the downtrend trendline has flipped from support to resistance. It appears the price is gearing up for an upward move, targeting the previously established resistance near $1.59 (which aligns with the 38.2% Fibonacci retracement level).

💎 That said, we should also be ready for a potential minor pullback towards the $1.40 demand zone before/if #BAND embarks on an upward trend.

💎 Lastly, it's crucial for our ParadiseClub members to note that if the bulls fail to defend the double bottom, the bullish outlook is highly likely to be invalidated. Stay alert and trade safe!