๐ Paradisers, #BAND is indeed a coin worth monitoring closely.
๐ It's currently situated at a key support area, and a successful bounce from this level is crucial to maintain bullish momentum and continue its upward movement.
๐ If the bounce proves to be valid, BAND may attempt to break above the resistance trendline of the descending pattern.
๐ However, if BAND fails to break above the resistance and experiences rejection, there's a potential for the price to retreat back to the support area. Repeated touches on the support may gradually weaken its effectiveness, posing a concern for the bullish outlook.
๐ The bullish invalidation would occur if BAND fails to bounce from the demand area and confirms a daily candle close below the support level at 1.25. This would indicate a shift towards bearish sentiment and could lead to further downward movement in price.
