๐ ONE Breaks Out of W Pattern, Signaling Bullish Reversal!
๐ ONE has successfully broken out of the W pattern, signaling a potential bullish reversal. To confirm the breakout, we would ideally want to see a bullish engulfing candlestick near the previously broken resistance level, which may now act as support.
๐In the event that ONEUSDT retraces below the resistance-turned-support level, we can anticipate a bounce from the nearby small support level. Again, confirmation via a bullish engulfing candlestick pattern would be ideal.
๐However, if the price breaks down below this small support area, it could indicate a bearish move. In such a scenario, it would be advisable to exercise caution and wait for clearer price action before making any trading decisions.
๐In the event that ONEUSDT retraces below the resistance-turned-support level, we can anticipate a bounce from the nearby small support level. Again, confirmation via a bullish engulfing candlestick pattern would be ideal.
๐However, if the price breaks down below this small support area, it could indicate a bearish move. In such a scenario, it would be advisable to exercise caution and wait for clearer price action before making any trading decisions.
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