💎 REEF has become a notable entity in the market, currently ascending towards a significant resistance area. Historically, REEF has faced strong rejections at this level, but a successful breach could lead to a substantial upward trend, the probability with the next objective being our targeted bearish OB area.
💎 However, should REEF struggle to surpass this resistance, and instead remain in consolidation near this level for a few days, it risks another rejection. This could result in REEF reversing its course, moving back towards the demand area.
💎 The demand zone is critical for maintaining REEF's bullish stance. If REEF fails to rebound upon reaching this zone and cannot sustain levels above this key support, it risks a breakdown. A failure to hold above this key support could lead to further decline, potentially taking REEF into the Bullish OB area.