💎 BOND is currently a standout in the market, having achieved a breakout from a descending channel pattern. It's now moving into a retesting phase at the resistance trendline, a pivotal moment for its next market move.
💎 Should BOND successfully complete this retest, we could see a continuation of its upward trajectory, aiming for a significant resistance area that we've been targeting.
💎 However, if BOND fails to affirm its breakout during the retest at the resistance trendline, it might suggest a false breakout. In this case, BOND could retreat back to the demand zone.
💎 A key aspect to monitor is BOND's behavior in the demand area. If it fails to demonstrate a strong recovery and only manages to consolidate, this could indicate a weakening demand. Such a scenario could see BOND transitioning into a bearish phase, potentially moving downwards towards a more substantial support area.
Trade closed: target reached
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Boom! #ONG is doing just what we said. Up 135.15% and looking good!