XMRUSDT: Forms Inverse Head and Shoulders!🚀

💎 Paradisers, #XMR has broken out of the resistive trendline and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move.

💎 If #XMRUSDT breaks above the resistance zone, it will validate the inverse head and shoulders pattern, potentially leading to a bullish move.

💎 In the case of a pullback, we can expect a bounce from the demand zone, but it would be prudent to look for a Change of Character (CHoCH) in lower timeframes towards a bullish market structure.

💎 However, if the price breaks down below the demand zone, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.