💎 DOCK has certainly captured our attention, surging vigorously and breaking through the supply zone with ease. Currently, DOCK is undergoing a notable pullback after its previous rally, entering a retesting phase at what was once a supply area, now turned demand.
💎If this demand zone holds firm against selling pressure and facilitates a rebound, there's potential for DOCK to resume its ascent toward the next supply zone.
💎 Reflecting on DOCK's recent performance, it's evident that a robust rally was initiated from the point where the roles of supply and demand zones were reversed, leading to a substantial bounce.
💎 However, there's a downside scenario to consider. Should DOCK fail to maintain its footing at the demand zone, marked by the white line, it could set the stage for further declines. This downturn could extend to the subsequent demand levels or even reach critical support areas, highlighting the importance of the current demand zone's resilience.