๐ XVS has been drawing significant attention in the financial market. It is currently undergoing a retesting phase, where a strong bounce from the support level, previously a key resistance, has been observed. This positive momentum suggests that if the retesting phase is indeed valid with a sustained bounce from the support area, XVS could probability resume its upward trajectory, aiming for a significant resistance area.
๐ However, should XVS fail to maintain its rebound from the support level and instead break below this area, it could indicate a false breakout. In such a scenario, XVS's price could potentially continue a downward trend, heading towards the next key level, which is the lower demand area.
๐ In this demand zone, a robust response is essential for XVS. For a continuation of its upward journey, XVS needs to demonstrate a strong bounce and attempt to reclaim the resistance area. Failure to show a positive response in this zone and a further breakdown could indicate a shift back to a bearish trend for XVS. This development might lead to a descent towards a more substantial support area.
๐ However, should XVS fail to maintain its rebound from the support level and instead break below this area, it could indicate a false breakout. In such a scenario, XVS's price could potentially continue a downward trend, heading towards the next key level, which is the lower demand area.
๐ In this demand zone, a robust response is essential for XVS. For a continuation of its upward journey, XVS needs to demonstrate a strong bounce and attempt to reclaim the resistance area. Failure to show a positive response in this zone and a further breakdown could indicate a shift back to a bearish trend for XVS. This development might lead to a descent towards a more substantial support area.
Trade closed: target reached:
Just as predicted, #XVS's up a smooth 42.61%!
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE๐ t.me/+IaNzEzXsdiBlNDg0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE๐ t.me/+IaNzEzXsdiBlNDg0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV