Long
XMR/USDT Breakout Above Key Resistance?👀🚀XMR Today Analysis
💎 Paradisers, let's focus on #XMRUSDT as its demonstrating a potentially significant market move. Monero is currently poised to challenge a substantial resistance level, signaling a high chance of a bullish breakout.
💎 Observing #MONERO recent activity, it's evident that it's testing the internal resistance at $177.1 for the third time. Its current position in the demand zone further bolsters the likelihood of breaking above this level. Should #XMR successfully surpass this resistance, we're looking at an optimistic target of reaching the higher resistance level at $209.9.
💎 However, as astute traders, we must always be prepared for various outcomes. If #XMR struggles once again to breach the $177.1 resistance, we might need to shift our focus. This could involve anticipating a bullish recovery from a lower support level at $159.9. Yet, be aware that a break below this support could lead to a downward trend. 🌴💰
💎 Observing #MONERO recent activity, it's evident that it's testing the internal resistance at $177.1 for the third time. Its current position in the demand zone further bolsters the likelihood of breaking above this level. Should #XMR successfully surpass this resistance, we're looking at an optimistic target of reaching the higher resistance level at $209.9.
💎 However, as astute traders, we must always be prepared for various outcomes. If #XMR struggles once again to breach the $177.1 resistance, we might need to shift our focus. This could involve anticipating a bullish recovery from a lower support level at $159.9. Yet, be aware that a break below this support could lead to a downward trend. 🌴💰
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Disclaimer
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.