BLOK Breakout Alert! 🚀 Bulls Charging Ahead! 🐂💎 BLOK has broken out of a resistive trendline and formed a W pattern with CHoCH & BOS, indicating a bullish market structure and increasing the probability of a bullish move.
💎Although the price has already broken above the resistance zone, confirmation via a candle closing and retest is needed for bullish confirmation. In the event of a pullback, we can anticipate a bounce from the demand zone along with the bullish OB level, after which we can set targets for the next resistant levels.
💎However, if the price breaks down below the demand area, it would be prudent to wait on BLOKUSDT in that scenario and observe for better price action to form before making any decisions.
