YGG/USDT Break the bullish continuation pattern. Continue Trend?
Updated
💎 YGG has recently become a significant point of interest in the market, currently making a breakout from a bullish flag pattern. Should YGG manage to break through its resistance zone, it could set the stage for a continued upward trend, potentially heading towards the supply area.
💎 However, if YGG struggles to overcome the resistance, it may face a downturn, prompting a retest at the demand zone around $0.378. The ability to bounce back in this demand zone is crucial; failing to do so could signal a weakening in the area. If YGG fails to rebound, it could validate a false breakout, leading to a potential retest at the lower demand level of $0.328.
💎 A more concerning scenario would unfold if YGG also breaches the demand area at $0.328. This would indicate a shift to a bearish trend, potentially leading YGG on a downward path towards a significant support zone.
💎 However, if YGG struggles to overcome the resistance, it may face a downturn, prompting a retest at the demand zone around $0.378. The ability to bounce back in this demand zone is crucial; failing to do so could signal a weakening in the area. If YGG fails to rebound, it could validate a false breakout, leading to a potential retest at the lower demand level of $0.328.
💎 A more concerning scenario would unfold if YGG also breaches the demand area at $0.328. This would indicate a shift to a bearish trend, potentially leading YGG on a downward path towards a significant support zone.
Trade closed: target reached
Another win! #YGG up 63.23%, as forecasted!
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