MyCryptoParadise

FARM/USDT Break out alert!! Bullish momentum for continue upward

BINANCE:FARMUSDT   FARM / TetherUS
πŸ’Ž Paradisers, #FARM is indeed a coin worth monitoring closely.

πŸ’Ž Its successful breakout from the descending resistance signals bullish momentum for FARM. However, there's a possibility of price retracement to the LTF demand area around $77 before resuming its upward movement.

πŸ’Ž If FARM manages to sustain its upward momentum, it could potentially test our target's strong resistance area.

πŸ’Ž However, should FARM fail to bounce from the LTF demand area and instead break below it, this could indicate a continuation of the downward trend, with the next significant level of support lying in the $68 - $61.5 range.

πŸ’Ž If FARM reaches the support area in the future, it becomes crucial for the price to bounce from this level, as it represents an important support zone. Failure to do so could confirm bearish sentiment and potentially lead to further downward movement.

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