Panjang
ORNUSDT Will It Hold the Line or Break Down Further?
Yello, Paradisers! Are you prepared for the next big move in #ORNUSDT?
💎#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
💎However, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
💎Historically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
💎On the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
💎#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
💎However, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
💎Historically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
💎On the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
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🫳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
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?
🫳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
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.