๐ BAND has been a notable focus in the financial market, facing repeated challenges in surpassing a key resistance area. Historical patterns have shown that BAND frequently encounters strong bearish rejections at this resistance level. A breakthrough of this resistance probability could lead to a substantial upward trend, with our next goal being the strong resistance area.
๐ However, if BAND is unable to break through this resistance and instead remains in consolidation at this level for a few days, there's a likelihood of facing another rejection. This could result in BAND reversing its course back towards the support area to gather new momentum.
๐ In the support zone, a strong response from BAND is crucial. If it fails to demonstrate a significant rebound from this zone, there's a risk of a further breakdown. Such a development might signal a shift back to a bearish trend for BAND, potentially leading to a descent towards a more substantial support area.
๐ However, if BAND is unable to break through this resistance and instead remains in consolidation at this level for a few days, there's a likelihood of facing another rejection. This could result in BAND reversing its course back towards the support area to gather new momentum.
๐ In the support zone, a strong response from BAND is crucial. If it fails to demonstrate a significant rebound from this zone, there's a risk of a further breakdown. Such a development might signal a shift back to a bearish trend for BAND, potentially leading to a descent towards a more substantial support area.
Trade closed: target reached:
Nailed it again - #BAND is up 45.93%, right on cue!
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