X price is currently inside the bullish flag (Positive sign). Zooming into the 5 Min chart, we can see X price is close to the bottom of the upward channel. This trade is set up based on betting the bounce back from the bottom to the target price with 4.4% profit potential with a 1.3% downside risk- attractive trade setup.
This trade idea is only my personal opinion and is not meant to be taken as a investment advice. Trade at your own risk and good luck trading.