đź’Ž REEF has become a notable entity in the market, currently ascending towards a significant resistance area. Historically, REEF has faced strong rejections at this level, but a successful breach could lead to a substantial upward trend, the probability with the next objective being our targeted bearish OB area.
đź’Ž However, should REEF struggle to surpass this resistance, and instead remain in consolidation near this level for a few days, it risks another rejection. This could result in REEF reversing its course, moving back towards the demand area.
đź’Ž The demand zone is critical for maintaining REEF's bullish stance. If REEF fails to rebound upon reaching this zone and cannot sustain levels above this key support, it risks a breakdown. A failure to hold above this key support could lead to further decline, potentially taking REEF into the Bullish OB area.
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