CYBER/USDT Potential Bounce on Demand ?? Bullish Momentum
Yellow Paradisers, CYBER Analysis: Potential Bounce in Demand Zone
💎 CYBER recently broke through the support level at $6.55 and closed below it. After reaching a high of $16.5, the asset experienced a significant drop.
💎 Currently, it's showing signs of potential recovery in the demand zone, specifically in the Bullish Order Block (OB) area ranging from $5.467 to $4.95.
💎 Given that CYBER hasn't yet formed a new leg up or a lower high since its drop from $16.5, there's a strong likelihood that it will bounce back in the demand area. This could present a good opportunity for short-term trading.
💎 Invalidation Scenario: This bullish perspective will be nullified if CYBER closes below the area designated for Bullish Invalidation.
💎 CYBER recently broke through the support level at $6.55 and closed below it. After reaching a high of $16.5, the asset experienced a significant drop.
💎 Currently, it's showing signs of potential recovery in the demand zone, specifically in the Bullish Order Block (OB) area ranging from $5.467 to $4.95.
💎 Given that CYBER hasn't yet formed a new leg up or a lower high since its drop from $16.5, there's a strong likelihood that it will bounce back in the demand area. This could present a good opportunity for short-term trading.
💎 Invalidation Scenario: This bullish perspective will be nullified if CYBER closes below the area designated for Bullish Invalidation.
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