$XTZ Still holding 👍

$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.