ORNUSDT Will It Hold the Line or Break Down Further?

Jun 23

Yello, Paradisers! Are you prepared for the next big move in #ORNUSDT?

💎#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.

💎However, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.

💎Historically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.

💎On the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.

If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.

MyCryptoParadise
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