💎 REEF has recently exhibited significant market dynamics, bouncing from a support area. However, before continuing its upward trajectory, REEF needs to break out of the local resistance area.
💎 A successful breakout could pave the way for a bullish move, probability leading REEF to retest the bearish order block (OB) area.
💎 On the other hand, if REEF fails to break above the resistance, there's a possibility of price rejection, prompting a test of the support around the $0.0027 area.
💎 The situation could worsen if REEF breaks below the support, leading to a retest of the demand area. Reclaiming the price above the support would signal a potential return to an upward trend.
💎 However, a breakdown below the strong support level would confirm a bearish trend, potentially resulting in further price declines.