💎 ONE has recently encountered significant market dynamics. Currently, it is facing resistance in the supply area. In the previous attempt, ONE was rejected upon reaching this supply area.
💎 If ONE manages to successfully break out above the supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area.
💎 However, if ONE fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the demand area to seek new momentum.
💎 The demand area holds crucial significance for ONE. The price must bounce from this level to attempt another breakout above the supply. Failure to sustain the demand area, indicated by a breakdown, would be a bearish sign.
💎 In such a scenario, ONE may switch back to a bearish trend, potentially leading to further downward movement towards the support area or even lower levels.