FXS/USDT Break Descending Channel, Bullish Momentum ??
💎 FXS has undeniably caught our attention. It has successfully broken out of the descending channel pattern, signaling a bullish trajectory for its future movements. Before advancing further, FXS is likely to undergo a retesting phase, seeking robust buying support to fuel its upward journey.
💎 Historically, FXS has frequently interacted with a significant demand zone, consistently bouncing back from it.
💎 Today's breakout from the pattern further underscores its momentum. However, should FXS experience a false breakout and fail to maintain its position above the key demand zone, there's a risk of it embarking on a downward spiral, potentially reaching the critical support region.
💎 Historically, FXS has frequently interacted with a significant demand zone, consistently bouncing back from it.
💎 Today's breakout from the pattern further underscores its momentum. However, should FXS experience a false breakout and fail to maintain its position above the key demand zone, there's a risk of it embarking on a downward spiral, potentially reaching the critical support region.
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