💎 BOND has recently encountered significant developments in the market. Currently, BOND has successfully broken out of a key resistance area.
💎 There is potential for the price to undergo a retesting phase, possibly retracing back to the support level before resuming its upward movement and probability of reaching our target area.
💎 However, if BOND fails to bounce during the retesting phase, or if the price breaks down below the support level, the next likely stop is at the demand area.
💎 At the demand area, the price must bounce and reclaim the area above the support level if it intends to continue its upward movement. If this scenario fails to materialize, BOND may continue its downward movement, potentially breaking down the demand area and pushing the price even lower.