REEF/USDT Indicating Bounce and continue upward movement.

💎 REEF has recently exhibited significant market dynamics. Currently, it has bounced after retesting the demand area around $0.00316.

💎 If this bounce holds, it's probability that REEF will resume its upward movement and retest our target area.

💎 However, if REEF fails to maintain this support area and breaks down below $0.00316, it could signal a bearish trend continuation. In such a scenario, the next potential support area is around $0.0023.

💎 At the support area, it's crucial for REEF to bounce and reclaim the area above the demand zone to sustain its upward momentum. However, if REEF fails to do so and breaks down below the support, it could lead to further downward movement.