$XTZ/USDT 3D (Binance Spot) Ascending channel on midline
Tezos is at a very decent price for long-term swing, we are buying here.
It is hard to make a Futures call lately, so we'll go for a Spot one.
MANUAL TRADE IDEA
Current Price= 4.0205
Buy Entry = 4.0042
Take Profit= 13.4847
Stop Loss= 1.7444
Risk/Reward= 1:4.2
Expected Profit= +236.76%
Possible Loss= -56.44%
Fib. Retracement= 1.414
Margin Leverage= 1x
Estimated Gain-time= 5 months
It is hard to make a Futures call lately, so we'll go for a Spot one.
MANUAL TRADE IDEA
Current Price= 4.0205
Buy Entry = 4.0042
Take Profit= 13.4847
Stop Loss= 1.7444
Risk/Reward= 1:4.2
Expected Profit= +236.76%
Possible Loss= -56.44%
Fib. Retracement= 1.414
Margin Leverage= 1x
Estimated Gain-time= 5 months
Trade active:
Remember that long-term Spot call?
Well, Tezos did not start on the right foot against Tether U.S., in fact looking back it seems obvious we were denying the breakdown!
Let's debrief: mid-line channel and 50MA were lost, the retest of it was surely a sell signal and targeting lower-line would have brought up to 49.70%...
Lesson learnt, the good thing is we did not get stopped and now 200MA is regained so final target is still in play.
But 50MA will probably act as resistance again so 4$ would be hard to pass, if flips then road to 6.24$ and upper-line channel after that! 📈
Well, Tezos did not start on the right foot against Tether U.S., in fact looking back it seems obvious we were denying the breakdown!
Let's debrief: mid-line channel and 50MA were lost, the retest of it was surely a sell signal and targeting lower-line would have brought up to 49.70%...
Lesson learnt, the good thing is we did not get stopped and now 200MA is regained so final target is still in play.
But 50MA will probably act as resistance again so 4$ would be hard to pass, if flips then road to 6.24$ and upper-line channel after that! 📈
