LOOM/USDT Break Alert! It's ready for continue upward movement ?

BINANCE:LOOMUSDT   Loom Network / TetherUS
πŸ’Ž LOOM has recently experienced significant market dynamics, breaking out of a descending channel pattern after a perfect bounce from the Bullish OB area.

πŸ’Ž There is a probability that the price will undergo a retesting phase at the trendline before continuing its significant upward movement toward our target strong resistance area.

πŸ’Ž However, if LOOM fails to bounce during the retesting phase at the trendline, there is potential for the price to reverse direction and retreat downward, possibly retesting the Bullish OB area.

πŸ’Ž The Bullish OB area has historically been strong enough to support LOOM's price, often resulting in consistent bounces upon reaching it. However, if LOOM were to break down below the Bullish OB area, it would signal a bearish turn, likely leading to further downward movement and potentially deeper lows.

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