Xemusdt is demonstrating a rounding bottom formation, indicating a potential reversal pattern with the price targeting the immediate resistance level.
We've identified a robust demand zone, which could also serve as a buyback area if the price presents the opportunity.
Additionally, our immediate setup target aligns with the pattern neckline. A breakout above this neckline could trigger a significant move towards the projected setup target, as illustrated on the chart.
It's advisable to trade cautiously and implement appropriate stop-loss measures.
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