BAKE / TetherUS

BAKE/USDT Could BAKE Bounce and continue upward ?? or Break down

556
๐Ÿ’Ž BAKE's market activity has been gaining significant attention recently. At present, BAKE is positioned at a pivotal support area, which was formerly a resistance level.

๐Ÿ’Ž Historically, this zone has been robust enough to prevent a significant breakdown of BAKE, suggesting a potential rebound from this level.

๐Ÿ’Ž If it successfully bounces back, BAKE may attempt to breach the resistance at $0.419, the probability leading to an upward journey toward the targeted Bearish OB area.

๐Ÿ’Ž However, should BAKE fail to hold above this support zone, implying a breakdown, it could signal a concerning shift from a bullish to a bearish trend. In such a case, BAKE may enter a downward trajectory, with its next critical point being the demand zone around $0.217.

๐Ÿ’Ž The demand zone will play a crucial role in BAKE's recovery. A strong bounce and reclaiming of levels above the support are essential to reverse the bearish momentum. Failure to achieve this could confirm a bearish trend for BAKE, potentially leading to further declines below the demand zone.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.