Previously, #BANDUSDT has been trading within a descending channel on the 1D timeframe. #BAND has broken out of the descending channel and retested the breakout zone. This pattern is often a precursor to a bullish run. Currently, #BANDUSDT is testing a significant resistance level. A break above this could propel the price toward the upper supply zone, with a target around the strong resistance at $2.5.
If the $1.5 support fails, the next major support to watch is $1.0. This area is crucial, packed with liquidity, and could spark a bullish rally if tested.
Entry Strategy:
- Main entry: 1.550 - Additional entry (DCA): 1.000
Monitor volume and breakout confirmations closely. If #BAND breaks above the resistance level with good volume, it is likely to reach the specified resistance levels.
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