Yello, Paradisers! Have you noticed the key breakout on ZRXUSDT? đš The pair has just broken out of a major resistance trendline and formed an Inverse Head and Shoulders pattern, all while showing a bullish divergence. Are we about to witness a strong reversal, or will this be a fake-out?
đIf ZRXUSDT manages to break and closes candle above the resistance zone, it will confirm the Inverse Head and Shoulders pattern, significantly increasing the probability of a bullish reversal. The bullish divergence adds even more weight to this potential move.
đIn the event of a pullback, a bounce from the support zone is expected. To increase the odds in our favor, weâll be looking for a bullish I-CHoCH (Internal Change of Character).
đHowever, if the price breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, the best approach would be to wait for a clearer price action before taking any new positions.
đ As always, patience is key, Paradisers! Stick to the strategy, wait for confirmation, and avoid impulsive decisions. Successful trading is all about timing and disciplineâdonât rush it!
MyCryptoParadise
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