ALICE/USDT Can Alice Bounce from this support ?? Or Break down ?

💎 ALICE's market activity has been capturing significant interest recently. Presently, ALICE is positioned at a critical support area that previously acted as resistance.

💎 Historically, this area has been robust enough to prevent significant downturns in ALICE's value, suggesting a potential bounce back is on the horizon. If ALICE successfully rebounds from this support level and breaks through the 1.34 resistance barrier, it could continue its upward trajectory towards the targeted Bearish OB area.

💎 However, should ALICE fail to hold this support level, breaking below it, it would indicate a troubling shift in market sentiment. Such a breakdown would signal the end of the current bullish trend and potentially herald the start of a bearish phase. Under these circumstances, ALICE might enter a downward movement, with its next critical level being the demand area at 0.086.

💎 This demand zone becomes pivotal for ALICE's recovery. To reverse the downward trend, it's essential for ALICE to not only bounce back at this level but also to reclaim its position above the initial support. Failure to achieve this could confirm a bearish trend, potentially leading ALICE to decline even further below the demand area.

Trade closed: target reached:

Nailed it again - #ALICE is up 99.47%, right on cue!