MyCryptoParadise

FARM/USDT Breakout alert!! It's bullish momentum for FARM.

BINANCE:FARMUSDT   FARM / TetherUS
πŸ’Ž Paradisers, #FARM has recently demonstrated significant market dynamics, particularly with a breakout above a key resistance level accompanied by strong volume and bullish candlesticks.

πŸ’Ž 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.

πŸ’Ž 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.

πŸ’Ž 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.

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