FXS/USDT Facing on the supply area. This time will break out ?
💎FXS has recently demonstrated notable market dynamics. Currently, it is encountering a significant supply area, and historical data indicates that FXS has consistently faced rejections at this level.
💎 However, if FXS manages to successfully break through this supply area, it could trigger a bullish momentum, leading to a substantial upward movement, potentially reaching our intended strong resistance zone.
💎 Conversely, if FXS fails to breach the supply area, there is a possibility of a price rejection, resulting in a descent towards the support area or even the demand zone.
💎 The demand area holds paramount importance, as it necessitates a rebound to facilitate another attempt at breaking through the supply area. However, if FXS is unable to sustain its position within the demand zone, signifying a breakdown, this could indicate a bearish trend reversal, with FXS resuming its downward trajectory, possibly reaching lower levels.
💎 However, if FXS manages to successfully break through this supply area, it could trigger a bullish momentum, leading to a substantial upward movement, potentially reaching our intended strong resistance zone.
💎 Conversely, if FXS fails to breach the supply area, there is a possibility of a price rejection, resulting in a descent towards the support area or even the demand zone.
💎 The demand area holds paramount importance, as it necessitates a rebound to facilitate another attempt at breaking through the supply area. However, if FXS is unable to sustain its position within the demand zone, signifying a breakdown, this could indicate a bearish trend reversal, with FXS resuming its downward trajectory, possibly reaching lower levels.
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