Xenusdt has formed a descending broadening wedge, with the price trading near the lower trendline. This area is ideal for accumulation, with a stop loss set below the previous all-time low (ATL). The target for this setup is a potential retest of the upper trendline.
Trade active
The main accumulation zone did the magic hold on the coin as expected, keep holding.
Note
Xen still trading within the descending broadening wedge formation, the breakout of this setup will trigger bigger upside move.
Note
There is need for us to prepare a fresh target for this coin, as the current setup target will be so small for it as I anticipate breakout soonest.
Trade closed: target reached
Setup target achieved. Be on the look out for our new post on the coin. Congratulation to us all.
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.