π CKB has recently displayed noteworthy market dynamics, experiencing a significant upward movement towards the bearish OB and supply area.
π Should CKB successfully break out above the supply zone, this could signify a bullish momentum, the probability leading to substantial upward movement towards our target strong resistance area.
π However, if CKB fails to breach the supply zone, we may witness a rejection, prompting a downward movement towards the demand area around 0.099 to initiate a new momentum.
π Upon reaching the demand area, it is crucial for the price to bounce back upwards if there is an intention to resume the upward trajectory and attempt another breakout.
π Failure to bounce, or worse, a breakdown below the demand area, would indicate bearish sentiment, resulting in continued downward movement and a potential retreat to the accumulation zone area.
π Should CKB successfully break out above the supply zone, this could signify a bullish momentum, the probability leading to substantial upward movement towards our target strong resistance area.
π However, if CKB fails to breach the supply zone, we may witness a rejection, prompting a downward movement towards the demand area around 0.099 to initiate a new momentum.
π Upon reaching the demand area, it is crucial for the price to bounce back upwards if there is an intention to resume the upward trajectory and attempt another breakout.
π Failure to bounce, or worse, a breakdown below the demand area, would indicate bearish sentiment, resulting in continued downward movement and a potential retreat to the accumulation zone area.
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Follow a team of traders with 10+ years of experience?
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ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV