XEM Breakout Alert! ๐ Bullish Reversal in Progress!
๐ 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.
๐In 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).
๐However, 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.
๐In 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).
๐However, 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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๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV