#XTZ/USDT : Looking For Break of Structure | Bullish

Feb 17

#XTZ

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.

There is a key support zone in green at 0.3934, and the price has bounced from this level several times and is expected to bounce again.

The indicator is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.

Entry Price: 0.3967
First Target: 0.4020
Second Target: 0.4068
Third Target: 0.4131

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.

Feb 26

Trade active

#XTZ
First Target: 0.4020 Reached
Second Target: 0.4068 Reached

Mar 12

Trade closed: target reached

#XTZ
First Target: 0.4020 Reached
Second Target: 0.4068 Reached
Third Target: 0.4131 Reached

Apr 14

Note