π Paradisers, #FARM has recently demonstrated significant market dynamics, particularly with a breakout above a key resistance level accompanied by strong volume and bullish candlesticks.
π There's potential for FARM to undergo a retesting phase on the support area around $68 - $60 before continuing its upward movement and possibly back testing the strong resistance area.
π However, if FARM fails to bounce during the retesting phase at the support area, it could indicate a weakness in the bullish momentum. In such a scenario, there's a risk of a breakdown below the support level, potentially leading to a decline towards the Bullish OB area.
π FARM must bounce from the Bullish OB area and reclaim the price above the $68 support level to maintain bullish momentum. Failure to do so may result in continued downward movement.
MyCryptoParadise
iFeel the successπ΄
π There's potential for FARM to undergo a retesting phase on the support area around $68 - $60 before continuing its upward movement and possibly back testing the strong resistance area.
π However, if FARM fails to bounce during the retesting phase at the support area, it could indicate a weakness in the bullish momentum. In such a scenario, there's a risk of a breakdown below the support level, potentially leading to a decline towards the Bullish OB area.
π FARM must bounce from the Bullish OB area and reclaim the price above the $68 support level to maintain bullish momentum. Failure to do so may result in continued downward movement.
MyCryptoParadise
iFeel the successπ΄
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