Action: Buy
TP1 (Take Profit 1): $0.000048
TP2 (Take Profit 2): $0.000050
SL (Stop Loss): $0.000042
Analysis
Momentum:
XEC has shown consistent upward momentum with a +32.91% gain in 60 days and a +30.21% gain in 90 days.
Short-term indicators (last 24 hours: +2.79%, last 7 days: +4.8%) suggest ongoing bullish sentiment.
Market Strength:
High 24-hour trading volume of $55.46M reflects robust market activity.
Circulating supply accounts for 94.22% of total supply, reducing the risk of inflationary shocks.
Technical Outlook:
Resistance levels are expected around $0.000048 and $0.000050, aligned with short-term profit-taking points.
A conservative stop-loss at $0.000042 safeguards against potential pullbacks while allowing room for volatility.
Disclaimer: I'm not your paid adviser. DYOR!
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