ðParadisers, #WAVES has successfully broken out of the resistive trendline and has demonstrated a Change of Character (CHoCH) and Break of Structure (BOS), signaling a shift towards a bullish market structure.
ðIf #WAVESUSDT continues to exhibit CHoCH and BOS from the current area, we can expect a bullish movement. However, the likelihood of this move is lower, so caution is advised, and it would be prudent to use smaller position sizes.
ðIn the event of a breakdown of minor support, a bounce from the Bullish Order Block (OB) combined with the Demand zone may occur, but confirmation is required here as well.
ðNevertheless, if the price does not provide any confirmation and breaks down both levels, it will be considered bearish for #WAVES. In that scenario, I would prefer to disregard it and wait for more favorable conditions.
ðIf #WAVESUSDT continues to exhibit CHoCH and BOS from the current area, we can expect a bullish movement. However, the likelihood of this move is lower, so caution is advised, and it would be prudent to use smaller position sizes.
ðIn the event of a breakdown of minor support, a bounce from the Bullish Order Block (OB) combined with the Demand zone may occur, but confirmation is required here as well.
ðNevertheless, if the price does not provide any confirmation and breaks down both levels, it will be considered bearish for #WAVES. In that scenario, I would prefer to disregard it and wait for more favorable conditions.
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