Technical analysis by 3Commas about Symbol OKB: Buy recommendation (10/3/2024)

Technical Analysis:The price has managed to break above the previous resistance level of 40.00, which is now acting as strong support. This indicates that bulls are gaining control in the short term. Currently, the daily timeframe shows a bullish sentiment with both the Trend and Ribbon aligning upwards. This shift could lead to further bullish continuation if the support at 40.00 holds. The major target for this bullish move is set at 48.50.The price must remain above 40.00 to sustain its bullish momentum. If it breaks below this level, the next significant support lies at 37.00, where the stop loss is set to limit potential downside risk.A clear breakout above 48.50 would be needed to confirm a stronger bullish trend reversal. If the price fails to maintain above 40.00, it might signal a pullback or a continuation of the larger bearish trend.👨🏻‍💻💭 What's your view on OKB/USDT? 🧐 Share your thoughts below!_________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.