๐ CYBER has recently encountered significant market dynamics. Presently, it is encountering resistance in its price movement.
๐ A successful breakthrough of this zone would facilitate an easier breach of the resistance trendline, probability leading to movement towards our target area.
๐ However, if CYBER fails to surpass this resistance and faces rejection, there is a possibility of a downward movement towards the support trendline.
๐ The support trendline holds significant importance, as a breakout above it would signal a bullish trend continuation. Conversely, if the support is breached, it could indicate a shift back to a bearish trend, with the next target being the strong demand area.
๐ The strong demand area has historically proven to be resilient, providing support for CYBER's price. A bounce from this area could signify a reversal in trend. Nevertheless, if CYBER breaks below this area, it would confirm a continuation of the downward movement, potentially leading to further declines.
๐ A successful breakthrough of this zone would facilitate an easier breach of the resistance trendline, probability leading to movement towards our target area.
๐ However, if CYBER fails to surpass this resistance and faces rejection, there is a possibility of a downward movement towards the support trendline.
๐ The support trendline holds significant importance, as a breakout above it would signal a bullish trend continuation. Conversely, if the support is breached, it could indicate a shift back to a bearish trend, with the next target being the strong demand area.
๐ The strong demand area has historically proven to be resilient, providing support for CYBER's price. A bounce from this area could signify a reversal in trend. Nevertheless, if CYBER breaks below this area, it would confirm a continuation of the downward movement, potentially leading to further declines.
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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.
Want to trade like a PRO without the 15+ year learning curve?
๐ซณSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
โ ๐๏ธOr go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
๐ซณSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
โ ๐๏ธOr go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.