π TWT has undoubtedly garnered considerable attention within the market. It successfully reclaimed and broke out from a previously challenging resistance zone.
π This development increases the likelihood of witnessing significant upward momentum, potentially leading to a move toward our targeted strong resistance area.
π However, should TWT retreat for a retest and subsequently fail to maintain the support level, there's a risk of reverting to a scenario reminiscent of a false breakout. This would result in a retracement back to the demand area around 1.24.
π If TWT finds itself at the demand zone but fails to elicit a robust response, indicating a lack of bounce, there's a possibility of a breakdown below the demand zone. Such a scenario could trigger further downward movement, potentially reaching the significant support area.
π This development increases the likelihood of witnessing significant upward momentum, potentially leading to a move toward our targeted strong resistance area.
π However, should TWT retreat for a retest and subsequently fail to maintain the support level, there's a risk of reverting to a scenario reminiscent of a false breakout. This would result in a retracement back to the demand area around 1.24.
π If TWT finds itself at the demand zone but fails to elicit a robust response, indicating a lack of bounce, there's a possibility of a breakdown below the demand zone. Such a scenario could trigger further downward movement, potentially reaching the significant support area.
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