MyCryptoParadise_Nathan

XMR/USDT Break Alert, Bullish Momentum ?? Moreno Analysis Today

BINANCE:XMRUSDT   None
πŸ’Ž XMR has certainly caught our attention. After breaking out of the ascending triangle, XMR showcased a notable upward surge. However, it currently faces resistance at the supply zone, and given the candlestick patterns, there's a likelihood of XMR retracing back to the support level to gather momentum for another attempt at breaching the supply.

πŸ’Ž Should XMR manage to break through the supply zone swiftly, we could witness a significant rally, propelling it towards the major resistance area.

πŸ’Ž On the flip side, if XMR retraces to the supply and fails to find solid footing at the support, there's a risk of it dropping further. In such a scenario, XMR might revisit the robust demand zone once more.

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