๐ Paradisers, #XTZ has recently experienced significant market dynamics. Currently resting on the demand area, #XTZ needs to bounce for a potential upward movement and retesting of the resistance level. Previously, #XTZ faced rejection at the resistance area, highlighting its significance.
๐ However, if #XTZ successfully breaks above the resistance level and reclaims the price, it could signal a bullish continuation towards our target area.
๐ Conversely, if #XTZ fails to bounce and breaks below the demand area, it could indicate weakness. A breach of the support trendline would further confirm a bearish outlook, potentially leading to a reversal in price direction.
๐ However, if #XTZ successfully breaks above the resistance level and reclaims the price, it could signal a bullish continuation towards our target area.
๐ Conversely, if #XTZ fails to bounce and breaks below the demand area, it could indicate weakness. A breach of the support trendline would further confirm a bearish outlook, potentially leading to a reversal in price direction.
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