OKB - Demand Holding Strong… Correction on the Horizon?

📉OKB is currently trading inside a broad falling channel, but price has just reacted from a major demand zone, which also aligns with the lower bound of the black channel. This confluence creates a strong oversold area where buyers typically step in.

⚔️As long as this demand zone continues to hold, we will be looking for bullish correction setups toward the upper bound of the falling channel. This would be the natural corrective wave after an extended sell-off.

🏹However, for the bulls to fully confirm control, price must break and hold above the orange high. A breakout above that structure would signal a shift in momentum and open the way for a larger trend reversal.

For now, demand is holding, the channel is intact, and the market is positioned for a potential rebound… will OKB deliver the correction we’re waiting for? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr