💎 XTZ has been a significant focus in the market, particularly as it faces challenges in surpassing a key resistance area. Notably, a few weeks ago, XTZ experienced a setback after being rejected at this resistance level. A successful breach of this resistance could lead to a substantial upward trend, with our next milestone being the Bearish OB target.
💎 However, if XTZ fails to achieve a breakout and instead remains in consolidation at this resistance level over the next few days, there's a chance it might face another rejection. This could lead to a reversal in XTZ's trajectory, potentially moving it back towards the demand area at $0.765.
💎 In the demand zone, a strong response from XTZ is critical. If it fails to demonstrate a rebound from this level, it could indicate a potential breakdown of the demand area. Such a development might signal a shift back to a bearish trend for XTZ, with a possible continuation of its downward movement towards a stronger support area.
Trade closed: target reached
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Boom! #XTZ is doing just what we said. Up 30.50% and looking good!