UNFIUSDT: Bullish Move or Breakdown? Key Levels to Watch Now!

6月18日Yello, Paradisers! Have you been watching UNFIUSDT? If not, now's the time to pay attention. The market has formed a descending channel, often considered a bullish pattern, and the price is currently sitting in a demand zone. This combination increases the probability of a bullish move from here. Let's break it down:

💎UNFIUSDT has formed a descending channel, a pattern typically seen as bullish. The price is currently in a demand zone, adding to the potential for a bullish reversal.

💎For confirmation from the demand zone, we need to see an Internal Change of Character (I CHoCH) towards a bullish market structure. This would solidify the potential for a bullish move.

💎If the price doesn't give any bullish confirmation from the demand zone but starts moving up and breaks the resistance level, we could see a "W" pattern forming. This pattern often indicates a strong bullish reversal. However, it's crucial to wait for candle closing and a retest of that zone for better confirmation.

💎If the price breaks down and closes below the demand zone, it will invalidate our bullish idea. In this case, it’s better to wait for more favorable price action to form before making any trading decisions.

Stay vigilant and keep your trading strategies disciplined, Paradisers. Patience and careful observation will guide you through the market.

MyCryptoParadise
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