💎 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.
Trade closed: target reached
â‹…
Just like clockwork, #BAND is tracing our forecast, hitting that sweet 73.56% growth mark.