ONE/USDT Breakout the major pattern, Bullish Momentum for ONE!
💎 ONE has recently experienced notable market dynamics, breaking out of a major descending triangle pattern, indicating a bullish momentum.
💎 However, the price now requires a retesting phase either at the demand zone or the Bullish OB area before continuing its upward movement towards our target area.
💎 If during the retesting phase, ONE fails to bounce and instead consolidates with weak volume, this could be a concerning sign. It suggests the potential for the price to break down below the demand zone, with the next likely stop being the Bullish OB area.
💎 Moreover, if the Bullish OB area also fails to sustain ONE above it, resulting in a breakdown, it would confirm a false breakout. In such a scenario, ONE could revert to a downward movement, with the possibility of returning to the strong support area.
💎 However, the price now requires a retesting phase either at the demand zone or the Bullish OB area before continuing its upward movement towards our target area.
💎 If during the retesting phase, ONE fails to bounce and instead consolidates with weak volume, this could be a concerning sign. It suggests the potential for the price to break down below the demand zone, with the next likely stop being the Bullish OB area.
💎 Moreover, if the Bullish OB area also fails to sustain ONE above it, resulting in a breakdown, it would confirm a false breakout. In such a scenario, ONE could revert to a downward movement, with the possibility of returning to the strong support area.
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