POND/USDT Breaking out the Key resistance. Bullish Momentum ???
💎 POND has recently experienced significant developments in the market. Presently, POND has achieved a successful breakout of the key resistance area, effectively breaking free from the confines of the accumulation zone resistance.
💎 This development is indicative of a bullish momentum for future movements, with the probability for the price to undergo a retesting phase before continuing its upward trajectory, ultimately targeting the bearish OB area.
💎 However, if during the retesting phase, POND fails to demonstrate a bounce and instead retraces back into the accumulation zone area, this could be interpreted as a false breakout, potentially leading to a downward movement with the likelihood of reaching the demand or support area.
💎 To maintain its bullish momentum, POND would need to bounce from this point and reclaim the price above the accumulation zone area. Failure to do so could result in a continuation of the downward movement, eventually reaching the strong support area.
💎 This development is indicative of a bullish momentum for future movements, with the probability for the price to undergo a retesting phase before continuing its upward trajectory, ultimately targeting the bearish OB area.
💎 However, if during the retesting phase, POND fails to demonstrate a bounce and instead retraces back into the accumulation zone area, this could be interpreted as a false breakout, potentially leading to a downward movement with the likelihood of reaching the demand or support area.
💎 To maintain its bullish momentum, POND would need to bounce from this point and reclaim the price above the accumulation zone area. Failure to do so could result in a continuation of the downward movement, eventually reaching the strong support area.
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