REEF/USDT It required Bounce this are or break down this level.

18 дек. 2023 г.

💎 REEF has become a noteworthy focus in the financial market. Recently, it faced rejection upon reaching a strong resistance area. Currently, REEF is retracing to the demand area, where it's crucial for it to maintain its level to attempt another breakout of the strong resistance. Should REEF manage a swift and successful breakout, there's a significant probability it could move towards the bearish OB area next.

💎 However, if REEF struggles to hold its ground during the retesting phase at the demand level, it might be indicative of a false breakout. A failure to bounce back at this demand area, especially if REEF only consolidates without showing any significant recovery, could lead to a loss of the demand zone or a further breakdown. This development could mark a shift to a bearish trend for REEF, potentially leading to a downward journey towards the key support area.