LYXUSDT Breakout | Is a Bullish Rally Imminent or Will It Falter
Yello! Are you ready to dive into the latest action on #LYXUSDT? Let's dive into the latest analysis of LYX and see what might be next for #LUKSO.
đź’ŽPreviously, #LYXUSDT has been trading within a descending channel pattern on the 12H timeframe. LYXUSDT has broken out of the descending channel and retested the breakout zone. This pattern is often a precursor to a bullish run, especially with the 50-EMA reinforcing this outlook.
đź’ŽCurrently, #LUKSO is testing a significant resistance level. A break above this could propel the price toward the upper supply zone, with a target around the strong resistance at $3.7000.
đź’ŽIf LYX fails to breach the current resistance, expect a retest of the Bullish Order Block (OB) around $2.3455. This level is a critical support zone and could provide a solid base for renewed bullish activity.
đź’ŽHowever, if the $2.3455 support fails, the next major support to watch is $2.0071. This area is crucial, packed with liquidity, and could spark a bullish rally if tested.
đź’ŽIn case the $2.0071 support level also fails, it could invalidate the bullish setup, leading to a bearish trend. Keep an eye on the overall market sentiment and Bitcoin's movement, as these will significantly influence #LYX's price action.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
đź’ŽPreviously, #LYXUSDT has been trading within a descending channel pattern on the 12H timeframe. LYXUSDT has broken out of the descending channel and retested the breakout zone. This pattern is often a precursor to a bullish run, especially with the 50-EMA reinforcing this outlook.
đź’ŽCurrently, #LUKSO is testing a significant resistance level. A break above this could propel the price toward the upper supply zone, with a target around the strong resistance at $3.7000.
đź’ŽIf LYX fails to breach the current resistance, expect a retest of the Bullish Order Block (OB) around $2.3455. This level is a critical support zone and could provide a solid base for renewed bullish activity.
đź’ŽHowever, if the $2.3455 support fails, the next major support to watch is $2.0071. This area is crucial, packed with liquidity, and could spark a bullish rally if tested.
đź’ŽIn case the $2.0071 support level also fails, it could invalidate the bullish setup, leading to a bearish trend. Keep an eye on the overall market sentiment and Bitcoin's movement, as these will significantly influence #LYX's price action.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️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?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️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.