💎 UNFI has indeed turned heads in the market with its impressive ascent, breaking through the descending channel pattern. The cryptocurrency's ability to breach a critical supply level without any notable resistance underscores the strength of its buyers post-breakout.
💎 Currently, UNFI is in a retesting phase at a demand zone that previously acted as a supply area. Observations suggest that UNFI is poised to continue its upward trajectory, having already demonstrated a significant bounce.
💎 The asset is now undergoing a corrective phase, likely to establish a new higher low—a classic sign of a bullish trend characterized by a sequence of higher highs and lows. This sets the stage for UNFI to potentially forge a new higher high, probability aiming for the major supply zone as its next target.
💎 Conversely, should UNFI retreat to the demand zone and fail to hold it—effectively breaking below this critical area—it would signal a bearish shift in momentum, casting doubt on the breakout's validity. In such a scenario, UNFI could be on a path back to a downward trend, with a reevaluation of the key support area on the horizon.
Trade closed: target reached
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Bingo! #UNFI is dancing to our tune, up 25.30% just like we predicted.