💎BAND has recently demonstrated noteworthy market dynamics, with significant upward movement facing resistance at the bearish OB and supply area.
💎 If BAND successfully breaks out above this supply zone, it could signal a bullish momentum, probability leading to significant upward movement and reaching our target strong resistance area.
💎However, if BAND fails to break above the supply zone, the price may face rejection and retreat downward, possibly revisiting the Bullish OB around 1.83 to gather new momentum.
💎It's essential for the price to bounce from the Bullish OB area if it aims to resume its upward trajectory. Failure to bounce, or worse, a breakdown below the demand area, would be concerning signs indicating continued downward movement. In such a scenario, the price might retreat further towards the key support zone or even lower levels.