MyCryptoParadise_Simon

XMR/USDT preparing for resistance Breakout? ๐Ÿ‘€ ๐Ÿš€Monero

Long
KUCOIN:XMRUSDT   Monero / Tether
๐Ÿ’Ž Paradisers, turn your attention to #XMRUSDT as it's currently charting a significant course in the market. Positioned in a demand zone, it is gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.

๐Ÿ’Ž Delving into #MONERO market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Recently, after a rejection from the solid resistance level at $152.20 it is regaining momentum to challenge this threshold again. A successful breakout here could pave the way for a likely upward trend. Should this bullish momentum persist, XMR is set to target the resistance levels of $188.25.

๐Ÿ’Ž However, experienced #XMR traders understand that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be ready to pivot towards a bullish resurgence from the demand level of $125.56. This should be part of your strategic contingency planning.

๐Ÿ’Ž Additionally, if #XMR dips below this support level, a strategic shift may be necessary. Such a development would indicate the need for a reassessment of the bullish perspective, requiring an adjustment in strategy to align with the evolving market dynamics. ๐ŸŒด๐Ÿ’ฐ

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