Updated
BOND/USDT Break out the descending channel. Continue Upward ???
💎 BOND is currently a standout in the market, having achieved a breakout from a descending channel pattern. It's now moving into a retesting phase at the resistance trendline, a pivotal moment for its next market move.
💎 Should BOND successfully complete this retest, we could see a continuation of its upward trajectory, aiming for a significant resistance area that we've been targeting.
💎 However, if BOND fails to affirm its breakout during the retest at the resistance trendline, it might suggest a false breakout. In this case, BOND could retreat back to the demand zone.
💎 A key aspect to monitor is BOND's behavior in the demand area. If it fails to demonstrate a strong recovery and only manages to consolidate, this could indicate a weakening demand. Such a scenario could see BOND transitioning into a bearish phase, potentially moving downwards towards a more substantial support area.
💎 Should BOND successfully complete this retest, we could see a continuation of its upward trajectory, aiming for a significant resistance area that we've been targeting.
💎 However, if BOND fails to affirm its breakout during the retest at the resistance trendline, it might suggest a false breakout. In this case, BOND could retreat back to the demand zone.
💎 A key aspect to monitor is BOND's behavior in the demand area. If it fails to demonstrate a strong recovery and only manages to consolidate, this could indicate a weakening demand. Such a scenario could see BOND transitioning into a bearish phase, potentially moving downwards towards a more substantial support area.
Trade closed: target reached
Boom! #ONG is doing just what we said. Up 135.15% and looking good!
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Do you Want to start trading like a PRO?
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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.