💎 BAND has been capturing a lot of attention in the market lately. It's currently navigating within a Bullish Flag formation, facing challenges in achieving a breakout from this pattern. Historically, BAND has formed similar bullish flags, only to be rejected and fall sharply back to the strong support level.
💎 Should BAND now manage to successfully break out of this current pattern, the probability its next target lies in a significant resistance area. To reach our set target, BAND needs to overcome the substantial resistance level at $1.68.
💎 However, if BAND is unable to break out from this Bullish Flag formation, there's a likelihood of it retreating to retest the strong support area around $1.31.
💎 The strong support area at $1.31 is a critical level for BAND. Here, BAND needs to show a robust rebound or risk breaking down below this key support area. If BAND fails to bounce back and instead breaks down, it may continue on a downward trajectory, potentially moving to even lower levels.
💎 Should BAND now manage to successfully break out of this current pattern, the probability its next target lies in a significant resistance area. To reach our set target, BAND needs to overcome the substantial resistance level at $1.68.
💎 However, if BAND is unable to break out from this Bullish Flag formation, there's a likelihood of it retreating to retest the strong support area around $1.31.
💎 The strong support area at $1.31 is a critical level for BAND. Here, BAND needs to show a robust rebound or risk breaking down below this key support area. If BAND fails to bounce back and instead breaks down, it may continue on a downward trajectory, potentially moving to even lower levels.
Trade closed: target reached
Just like clockwork, #BAND is tracing our forecast, hitting that sweet 73.56% growth mark.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.