💎 BAND has recently exhibited notable market dynamics, experiencing a perfect bounce from the support area around 1.86, which previously acted as resistance.
💎 Currently, BAND the price is climbing upward, with the probability of reaching our target strong resistance area.
💎However, if BAND retraces back to the support zone and fails to bounce, resulting in a breakdown below support, this could indicate weakness in the market. Such a scenario might lead to further downward movement, potentially revisiting the demand area around 1.49 or even the Bullish Order Block (OB) area near 1.31.
💎 if BAND reaches the demand or Bullish OB area, it's crucial for the price to bounce and attempt to break out above the resistance level to sustain upward momentum. Failure to do so could result in continued downward movement, with the price potentially declining even further.