MyCryptoParadise_Nathan

CKB/USDT in the support area, possible to bounce and back upward

BINANCE:CKBUSDT   CKB / TetherUS
πŸ’Ž Paradisers, the recent market dynamics surrounding #CKB have indeed been noteworthy.

πŸ’Ž Currently, CKB is hovering around the support zone area, and based on the candlestick patterns, there's potential for a bounce.

πŸ’Ž If this bounce materializes, CKB could retest the resistance around the 0.0255 area. A successful breakout above this level could propel CKB towards our target strong resistance area.

πŸ’Ž However, if CKB fails to bounce and breaks down below the support area, it could signal a bearish trend reversal, potentially leading the price to move downward towards the Bullish OB area.

πŸ’Ž In the Bullish OB area, CKB must bounce back and reclaim the price above the support to maintain its upward momentum towards our target. Failure to do so, with a breakdown below the OB area, could lead to further downward movement.

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