Possible Idea - Buy Zone Description for Onyxcoin (XCN) at 0.02232
The buy zone at 0.02232 represents a key support level for Onyxcoin (XCN) on the 4-hour timeframe from the Coinbase exchange. This level is marked by a red horizontal support line, indicating an area where price previously found strong buying interest.
The SMA indicators suggest an upward trend, but a potential retracement to 0.02232 could offer a buying opportunity.
If price revisits this support, it may provide a favorable risk-reward entry before another upward move.
Entry: Consider buying near 0.02232 if the price holds above this level with strong volume.
Stop-Loss: Set below the support (e.g., 0.02150) to minimize downside risk.
Target: Look for a potential upside move towards resistance levels at 0.03128 or higher.
This zone could act as a retest area before continuation if the bullish trend remains intact. Always use risk management and monitor price action closely. 🚀
NOT FINANCIAL ADVICE = TRADE AT YOUR OWN RISK
The buy zone at 0.02232 represents a key support level for Onyxcoin (XCN) on the 4-hour timeframe from the Coinbase exchange. This level is marked by a red horizontal support line, indicating an area where price previously found strong buying interest.
The SMA indicators suggest an upward trend, but a potential retracement to 0.02232 could offer a buying opportunity.
If price revisits this support, it may provide a favorable risk-reward entry before another upward move.
Entry: Consider buying near 0.02232 if the price holds above this level with strong volume.
Stop-Loss: Set below the support (e.g., 0.02150) to minimize downside risk.
Target: Look for a potential upside move towards resistance levels at 0.03128 or higher.
This zone could act as a retest area before continuation if the bullish trend remains intact. Always use risk management and monitor price action closely. 🚀
NOT FINANCIAL ADVICE = TRADE AT YOUR OWN RISK
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.