EOS/USDT successful reclaim and breakout from a key resistance.
💎 EOS has been a notable focus in the financial market, recently showcasing a successful reclaim and breakout from a key resistance area. Past instances saw EOS undergoing false breakouts, but the current situation appears to be a valid breakout. This development suggests a strong likelihood of significant upward movement, with the probability next target being the bearish OB area.
💎 However, should EOS retreat to the retesting phase and fail to sustain above the support level, which previously acted as resistance, it could indicate another false breakout. Such a scenario might result in EOS reverting back to the demand area.
💎 In the demand zone, a robust response is crucial for EOS. If it fails to demonstrate a significant bounce from this area, there's a risk of breaking down further. This could indicate a shift back to a bearish trend for EOS, potentially leading to a descent towards a stronger support area.
💎 However, should EOS retreat to the retesting phase and fail to sustain above the support level, which previously acted as resistance, it could indicate another false breakout. Such a scenario might result in EOS reverting back to the demand area.
💎 In the demand zone, a robust response is crucial for EOS. If it fails to demonstrate a significant bounce from this area, there's a risk of breaking down further. This could indicate a shift back to a bearish trend for EOS, potentially leading to a descent towards a stronger support area.
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