π BOND has recently shown notable market dynamics, experiencing rejection at the supply level.
π 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.
π 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.
π 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.
π 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.
π 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.
π 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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