I already hold $XAI so consider that post as shilling my own bags. But I also think that resistance zone around 0.255-0.27 which was tested 3 times since August is weak enough to consider chances for breakout very high.

So we have 111 days consolidation range and top of the range at ~0.26 tested multiple times during that period. Very very bearish target for breakout is 0.29 and if manage to grow above 0.35, XAI will leave most of bearish volume below. Do your math.

So this is my usual setup calculation form.

🛒 Taking #XAI Long under 0.232

💩 SL on two 4H candles close below 0.205 (-11.64% - invest 8.6% per 1% capital risk)

Risk Reward levels:

R1 - 0.259 (SL to BE)

R2 - 0.286

R3 - 0.313

R4 - 0.340