OKB is currently going through a corrective phase after the strong impulsive move higher. That correction, however, is now bringing price back into a major structure and demand zone that previously acted as a strong base.
This area is technically important. It combines historical structure with demand, making it a key decision zone for the next move.
As long as this structure holds, the bias remains constructively bullish, and we will be looking for long opportunities, not shorts.
For bulls to fully regain control, price needs to break above the falling red channel, signaling the end of the correction and a shift back into trend continuation.
Until then, patience is key. This is where markets decide.
⚠️ 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