Dexter_The_Trader

TEZOS (XTZ): GEARING UP FOR A HIGHER RALLY.

Long
COINBASE:XTZUSD   XTZ/USD
Welcome members to this long-term trade setup on XTZ/USD.

XTZ is at the lower support trendline and if we do backtesting then this is the exact same trendline from where XTZ has always rallied higher doing exceptionally great. XTZ has always respected this trendline not just once or twice but thrice and this is the 4th time XTZ is gearing up to bounce back. If XTZ is going to pump from this level then within a span of 3 months XTZ can possibly go $10+.

So, after calculating all the RR ratio I am posting my XTZ trade setup. Now, it is completely up to you whether you want to use the same strategy, use your own T.A, or don't wanna take a risk. I am absolutely fine with it. This is your free choice.

So here we go,

Entry: $2.9 to $3.57

Stop Loss: $2.41

Targets:

Target 1: $4.5
Target 2: $5.7
Target 3: $6.6
Target 4: $7.6
Target 5: $8.8

Note: This is a long-term trade setup so avoid leverage trading on this one and invest how much you are able to lose. And most importantly, ALWAYS USE STOPLOSS.

Share your views on XTZ in the comments and if you are new or viewing my post for the first time then do follow for more interesting updates.

Likes will be much appreciated.

Thank you.

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.