The Bullish Beacon: #ONEUSDT's Potential Price Reversal.💎#ONEUSDT's price trajectory has recently shown a bearish inclination, especially after its descent from the ascending channel. But, dear Paradisers, there's a silver lining that deserves our attention. On June 10, a pristine bounce was observed off the 461.8% Fibonacci support, marking a low at $0.00934.
💎Following this, the price entered a phase of oscillation. The 50 Exponential Moving Average acted as a formidable barrier, while the 461.8% Fibonacci retracement provided a cushion. During this period of consolidation, a significant supply/demand pivot emerged at $0.01159, which we should keenly monitor.
💎Given the sharp rebound from the Fibonacci support, there's a budding sentiment that the bearish phase might be nearing its end. However, we're on the lookout for more concrete signs. A confident surge above the supply zone, in tandem with the 50 EMA, would be a strong bullish indicator.
💎In essence, our strategy revolves around observing the transformation of the supply zone into a demand stronghold, all the while ensuring the $0.00934 mark remains untouched. This would set the stage for a potential lucrative buying opportunity. Stay vigilant, Ladies and Gentlemen of ParadiseClub!
