OKB is currently sitting at a very strong rejection zone, and this one is hard to ignore.
Price is reacting around the $100 round number, which lines up perfectly with a clear demand zone. This area has already proven its importance in the past, and once again, buyers are stepping in.
Structurally, OKB is still trading inside a falling wedge, which is typically a bullish formation when defended from below.
As long as this demand + round number confluence continues to hold, I’ll be looking for trend-following long setups, targeting a move back toward the upper bound of the falling wedge.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is reacting around the $100 round number, which lines up perfectly with a clear demand zone. This area has already proven its importance in the past, and once again, buyers are stepping in.
Structurally, OKB is still trading inside a falling wedge, which is typically a bullish formation when defended from below.
As long as this demand + round number confluence continues to hold, I’ll be looking for trend-following long setups, targeting a move back toward the upper bound of the falling wedge.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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t.me/thesignalyst
Trusted Crypto Exchange
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cutt.ly/TickmillReal
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cutt.ly/Hyrotrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.