What we have done before in XNO is already history, first of all, we gave an 80% rise (tradingview.com/chart/XNOUSDT/JVHKeRc5-XNOUSDT-Analysis-Volume-Spike-with-a-Promising-Blue-Box-Entry/) and then a 40% fall (tradingview.com/chart/XNOUSDT/MjECAMSx-XNOUSDT-The-Market-Moves-We-React/) with incredible accuracy.
Now when I look at the price, I see neither an increase nor a decrease. Yes, the last increase was sold, but not with high volume, and right now there is selling pressure, yes, but not with high volume. I think it is right to wait until the price decides on the direction. It is useful to say that the price gives upward signals even if it does not have a full trend. A selling climax passing with low volume is most likely bullish. That's why I'm approaching bullish and I think long opportunities can be evaluated on 4h upward breakouts. However, although it's too early to say anything about giving a spot entry, I don't think it's wrong to alert the blue box and look for a breakout in the low time frame.
Now when I look at the price, I see neither an increase nor a decrease. Yes, the last increase was sold, but not with high volume, and right now there is selling pressure, yes, but not with high volume. I think it is right to wait until the price decides on the direction. It is useful to say that the price gives upward signals even if it does not have a full trend. A selling climax passing with low volume is most likely bullish. That's why I'm approaching bullish and I think long opportunities can be evaluated on 4h upward breakouts. However, although it's too early to say anything about giving a spot entry, I don't think it's wrong to alert the blue box and look for a breakout in the low time frame.
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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.