MyCryptoParadise_Nathan

CYBER/USDT Potential Bounce on Demand ?? Bullish Momentum

BINANCE:CYBERUSDT   CYBER / TetherUS
Yellow Paradisers, CYBER Analysis: Potential Bounce in Demand Zone

πŸ’Ž CYBER recently broke through the support level at $6.55 and closed below it. After reaching a high of $16.5, the asset experienced a significant drop.

πŸ’Ž Currently, it's showing signs of potential recovery in the demand zone, specifically in the Bullish Order Block (OB) area ranging from $5.467 to $4.95.

πŸ’Ž Given that CYBER hasn't yet formed a new leg up or a lower high since its drop from $16.5, there's a strong likelihood that it will bounce back in the demand area. This could present a good opportunity for short-term trading.

πŸ’Ž Invalidation Scenario: This bullish perspective will be nullified if CYBER closes below the area designated for Bullish Invalidation.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREEπŸ‘‰ t.me/+IaNzEzXsdiBlNDg0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
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.