XNOUSDT
Updated
XNOUSDT is showing some mixed sentiment.
If the price breaks trough the falling wedge and the signal line is crossing the MACD line it will give more confidence before opening a position.
We see some bullish divergence if the recent wick keep acting as a support. See the blue horizontal support line.
The 0.71 Fib level is not far away from the actual price action.
If the price is breaking down the descending triangle I would advise to use the soft stop as marked. The hard stop would be ~ 1.88
If the price breaks trough the falling wedge and the signal line is crossing the MACD line it will give more confidence before opening a position.
We see some bullish divergence if the recent wick keep acting as a support. See the blue horizontal support line.
The 0.71 Fib level is not far away from the actual price action.
If the price is breaking down the descending triangle I would advise to use the soft stop as marked. The hard stop would be ~ 1.88
Trade closed manually
Hit SL @ BE. If you used the hard stop this trade will be still active.
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