Welcome to this Trade Setup on XTZ. If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups.
Now, let’s get to the chart. XTZ is currently trading at around $3.40. As per fractals, every time XTZ hits the lower support trendline we have seen 8 to 12 weeks of the bullish rally in XTZ. Besides, it's trading above the important MAs and multiple indicators are showing signs of bullishness. So this will be my trade plan:-
ENTRY:- Accumulate between $2.5 to $3.4 (On spot) For leverage :- $2.82 to $3.27
TARGETS:-
$4.67 $5.33 $6.82 $7.21 $8.55 $9.76
Stop Loss:- $2.39
The chart looks promising and can pump almost 250% in 2 to 3 months. Just keep in mind if you are planning to trade with leverage, make sure you enter on the correction. Please do your own research before taking this trade. This is not financial advice.
Also, let me know What you think of this trade? Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Trade active
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After hitting the $4.11 level it's back on the trendline support. Likely to bounce from here.
Looks like a successful retest of a long term support trend line. Weekly close tmrw may further lend bullish probability. A sleeping giant in my opinion.