initmx

xem usdt long - 16.05.22

Long
BYBIT:XEMUSDT   XEMUSDT SPOT
Entry triggers:
  • - 4 waves in
  • - increase in volume
  • - resistance flipping support (at .0560-80s)

entry: .0572

  • tp 1: .061
  • tp 2: .0633
  • tp 3: .0652
  • tp 4: .0671
  • tp 5: .0698
  • tp 6: .0732

sl: 3%-5% below
lev: 5x

I'm looking for a triple top to the wedges,given the current support holds, otherwise the trade is nullified. PA moving in wedges, 4 waves in, longing the last one up. Target is the red box cause that's the minimum likely point of termination if the price mkt doesn't pump any further.

A good play consists of low - medium risk leverage. If taking an aggressive approach, can only do it at 10x max, anything beyond that, not my style.

That's it for now, due diligence is advised, don't be a sluggard.

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