๐จ $XTZ /USDT: Breakout or Pullback? The Decision Point Is Here! ๐๐
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๐ Market Overview:
XTZ/USDT is facing strong resistance near $1.50. With a recent failed breakout attempt, the price has pulled back slightly, but bulls remain active at the $1.40 support. Will we see another push to break through resistance, or a further drop?
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๐ฏ Key Levels to Watch:
๐น Resistance: $1.50
๐น Support: $1.40
๐น Targets:
Breakout Above $1.50: Next stop $1.65โ$1.80
Rejection at $1.50: Watch for support retest near $1.40
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๐ Technical Signals:
Resistance Retest: Multiple attempts to break $1.50 suggest buyers are active.
Volume: A surge in buying volume could confirm a breakout.
Trend: Consolidation in a tight range signals a potential decisive move.
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โ ๏ธ Trade Strategy:
Long Entry: Confirm breakout above $1.50 with strong volume.
Short Entry: Rejection near $1.50 with signs of bearish momentum.
Stop Loss: Tight stops below $1.38 to manage risk effectively.
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๐ Will XTZ Bulls Break the $1.50 Barrier? Watch the Levels Closely and Trade Smart! ๐๐
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