VaulTradeous

Incoming Support level on XEC. Big bounce expected soon.

Long
VaulTradeous Updated   
MEXC:XECUSDT.P   XEC / Tether PERPETUAL FUTURES
Pretty high volume support level coming up. I expect a nice bounce, then some possible sideways action if we cannot V shape out of the zone. This bounce really depends of the rest of the market, more specifically bitcoin rallying back up off its incoming support level as well.
Comment:
Support has been found ladies and gents. / 45-.46 seen by the masses. With a 50% bounce from that level, its safe to say we can probably take 1 more trade off that level, if we get back down to it anytime soon.
Comment:
We are looking at .x8 soon now, with .75 already tested and a weak rejection from that level while BTC dumps is a great sign its going to be a weak retest when we get there again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.