Weekly timeframe closed within the Bull Market Support Band—a constructive sign for bulls holding the line.
However, if sellers breach this critical zone, traders should keep a close eye on two key support levels marking potential reversals. Level 1 marks the first bullish order block where momentum could stabilize. If that cracks, Level 2 comes into play—a confluence zone combining the second bullish order block with a logarithmic Fibonacci level, offering a second chance for buyers to defend.
The setup rewards patience. Hold the band or find support below.
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MoonRocketTeam
· 5h ago
The bull market support band has held up. This move is quite interesting; now it's just a matter of whether the sellers dare to go all-in.
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MEVHunter_9000
· 5h ago
Hood is included in the support band this week, but I feel we still need to wait and see.
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PebbleHander
· 5h ago
Alright, it's the same old story. As long as the support holds, there will be more; if it breaks, just keep looking downward... Basically, it's just betting that it won't fall further.
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Whale_Whisperer
· 5h ago
hold the band or game over,就这么简单
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LeekCutter
· 5h ago
Well, the support band held, but the real test will be when it reaches those two levels below.
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NFTragedy
· 5h ago
Hold the band 🤞 or else we'll have to see if level 2 can save the situation, to be honest.
HOOD Market Technical Review
Weekly timeframe closed within the Bull Market Support Band—a constructive sign for bulls holding the line.
However, if sellers breach this critical zone, traders should keep a close eye on two key support levels marking potential reversals. Level 1 marks the first bullish order block where momentum could stabilize. If that cracks, Level 2 comes into play—a confluence zone combining the second bullish order block with a logarithmic Fibonacci level, offering a second chance for buyers to defend.
The setup rewards patience. Hold the band or find support below.