$XTZ Still holding 👍
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Alcista
$XTZ 4HR ANALYSIS
KEY OBSERVATIONS
1. 25MA as Strong Support: The 25MA has been a reliable support level, keeping the price in a bullish structure. A sustained hold above this level strengthens the case for further upside.
2. Consolidation Phase: XTZ is consolidating in a tight range, signaling the potential for a breakout in the coming sessions.
3. Volume Decline: Low volume indicates a possible accumulation phase before the next significant move.
PRICE ACTION ZONES
Immediate Support: $1.2052 (25MA)
This is the key level to watch. A breakdown below could lead to short-term bearish action.
Immediate Resistance: $1.40
A breakout above this level could trigger a strong rally.
TRADING STRATEGY
Bullish Scenario:
Consider long positions as long as XTZ holds above the 25MA ($1.2052).
Stop Loss: $1.14 to minimize risk.
Take Profit Levels: 1.60 , 1.80, 2 & 2.3
Bearish Scenario:
If XTZ breaks below $1.2052, expect a retest of $0.92 (99MA) as the next support.
My Current Position:
I entered a long trade yesterday, using 2-4% of my capital, with a stop loss at $1.14. Holding as the 25MA remains a strong support.
KEY OBSERVATIONS
1. 25MA as Strong Support: The 25MA has been a reliable support level, keeping the price in a bullish structure. A sustained hold above this level strengthens the case for further upside.
2. Consolidation Phase: XTZ is consolidating in a tight range, signaling the potential for a breakout in the coming sessions.
3. Volume Decline: Low volume indicates a possible accumulation phase before the next significant move.
PRICE ACTION ZONES
Immediate Support: $1.2052 (25MA)
This is the key level to watch. A breakdown below could lead to short-term bearish action.
Immediate Resistance: $1.40
A breakout above this level could trigger a strong rally.
TRADING STRATEGY
Bullish Scenario:
Consider long positions as long as XTZ holds above the 25MA ($1.2052).
Stop Loss: $1.14 to minimize risk.
Take Profit Levels: 1.60 , 1.80, 2 & 2.3
Bearish Scenario:
If XTZ breaks below $1.2052, expect a retest of $0.92 (99MA) as the next support.
My Current Position:
I entered a long trade yesterday, using 2-4% of my capital, with a stop loss at $1.14. Holding as the 25MA remains a strong support.
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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