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My last trade setup for XTZ/USD was valid; however, this one is a better setup. Seeing as how TNT and ZRX saw over 120% gains in recent days, after breaking out from this same area, I created a trade plan to maximize potential gains for a breakout! Let's get this crypto!
We have recently seen TNT and ZRX breakout these past couple days. Is XTZ/USDT next in line?
Historical Volatility Percentile (HVP), it is at record lows. The last time we saw HVP this low, we saw about a 140% increase!
Currently, there is a ton of confluence with resistance just above price action. We have horizontal resistance, the 0.618 Fib, and the 10 EMA.
If we start closing candles above the yellow resistance box, then I'm looking for a long!
The specific signature I am looking for is: 1) HVP to start to rise (this has commenced, but is coming along slowly); 2) Volume will rise above the moving average; then, off to the moon!
***Important Note***
HVP does not imply direction, but it can help time larger moves!
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Here is my plan:
Entry: 2.8641
Entry Zone: 2.80-2.95
T1: 3.12
T2: 3.48
T3: 5.03
T4: 5.40
T5: 6.40
Stop: 2.4725
---
R:R: 9.04
Risk: 13.7%
Reward: 123.89%
---
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
My last trade setup for XTZ/USD was valid; however, this one is a better setup. Seeing as how TNT and ZRX saw over 120% gains in recent days, after breaking out from this same area, I created a trade plan to maximize potential gains for a breakout! Let's get this crypto!
We have recently seen TNT and ZRX breakout these past couple days. Is XTZ/USDT next in line?
Historical Volatility Percentile (HVP), it is at record lows. The last time we saw HVP this low, we saw about a 140% increase!
Currently, there is a ton of confluence with resistance just above price action. We have horizontal resistance, the 0.618 Fib, and the 10 EMA.
If we start closing candles above the yellow resistance box, then I'm looking for a long!
The specific signature I am looking for is: 1) HVP to start to rise (this has commenced, but is coming along slowly); 2) Volume will rise above the moving average; then, off to the moon!
***Important Note***
HVP does not imply direction, but it can help time larger moves!
---
Here is my plan:
Entry: 2.8641
Entry Zone: 2.80-2.95
T1: 3.12
T2: 3.48
T3: 5.03
T4: 5.40
T5: 6.40
Stop: 2.4725
---
R:R: 9.04
Risk: 13.7%
Reward: 123.89%
---
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Comment:
ZRX/USDT saw a 133.41% increase after closing above the Daily 10EMA. Let's get this crypto!
Comment:
TNT/USDT saw a 116.32% (and still going) increase after breaking the same resistance area. I am not FOMOing though, I'm waiting for entry for the next breakout!
