OCEAN/USDT Breaking out Resistance, Bullish Momentum ???
💎 OCEAN has undeniably captured significant attention in the market. Breaking out from the strong resistance area, it is currently undergoing a valid retesting phase at the support level, which was previously a resistance.
💎 There is a probability of continued upward movement towards the major supply level area. However, if OCEAN retraces to the support area and loses this support, it could signify a false breakout. In such a scenario, there's potential for a return to the demand area at $0.357.
💎 The demand area is crucial, necessitating a bounce to reclaim it. Failure to do so may result in a loss of demand, prompting OCEAN to revert to the strong demand area.
💎 There is a probability of continued upward movement towards the major supply level area. However, if OCEAN retraces to the support area and loses this support, it could signify a false breakout. In such a scenario, there's potential for a return to the demand area at $0.357.
💎 The demand area is crucial, necessitating a bounce to reclaim it. Failure to do so may result in a loss of demand, prompting OCEAN to revert to the strong demand area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.