π KLAY has recently become a focal point in the market, achieving a breakout from the key supply area, marked by a notable green candle.
π There's a potential for KLAY to enter a retesting phase around the $0.188 - $1.830 demand zone before it can resume its upward momentum towards our targeted Bullish OB area.
π However, if KLAY fails to maintain its position above this demand level and breaks down, we might see it descending further to a lower demand zone, located around $0.1590. This area, previously a supply zone, is now critical for KLAY to bounce back and continue its upward journey.
π A crucial point to observe will be KLAY's behavior at the $0.1590 demand area. If it fails to rebound and breaks through this level, it could signal a loss of demand, potentially shifting KLAY into a bearish trend. This could lead KLAY back down towards a more significant demand area.
π There's a potential for KLAY to enter a retesting phase around the $0.188 - $1.830 demand zone before it can resume its upward momentum towards our targeted Bullish OB area.
π However, if KLAY fails to maintain its position above this demand level and breaks down, we might see it descending further to a lower demand zone, located around $0.1590. This area, previously a supply zone, is now critical for KLAY to bounce back and continue its upward journey.
π A crucial point to observe will be KLAY's behavior at the $0.1590 demand area. If it fails to rebound and breaks through this level, it could signal a loss of demand, potentially shifting KLAY into a bearish trend. This could lead KLAY back down towards a more significant demand area.
Trade closed: target reached:
#KLAYβs 42.98% rise? Called it!
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