XTZ/BTC TA Update (Another leg down?)
XTZ/BTC
XTZ broke horizontal support at 2900 sats and now facing to resting the upward trend-line support which is located in the 0.618 fib levels.
Most traders are looking for a bounce play once the price reaches that zone of support.
But today, Technical Analysis is becoming too risky if the world market is in fear regarding the virus affecting all sectors.
Be cautious, trade with proper stop loss and apply risk management all the time.
XTZ broke horizontal support at 2900 sats and now facing to resting the upward trend-line support which is located in the 0.618 fib levels.
Most traders are looking for a bounce play once the price reaches that zone of support.
But today, Technical Analysis is becoming too risky if the world market is in fear regarding the virus affecting all sectors.
Be cautious, trade with proper stop loss and apply risk management all the time.
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