XEM Breakout Alert! 🚀 Bullish Reversal in Progress!
đź’Ž XEM has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern, accompanied by signs of increasing market strength (CHoCH), indicating a shift towards a bullish market structure.
đź’ŽIn the event that XEMUSDT breaks above the resistance and neckline area of the inverse head and shoulders pattern, we can anticipate potential targets up to the next resistance levels. If a pullback occurs, we may expect a bounce from the bullish Order Block (OB).
đź’ŽHowever, should the price break down below the bullish OB level, it would be prudent to exercise caution and wait for clearer price action signals before making any trading decisions.
đź’ŽIn the event that XEMUSDT breaks above the resistance and neckline area of the inverse head and shoulders pattern, we can anticipate potential targets up to the next resistance levels. If a pullback occurs, we may expect a bounce from the bullish Order Block (OB).
đź’ŽHowever, should the price break down below the bullish OB level, it would be prudent to exercise caution and wait for clearer price action signals before making any trading decisions.
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