Long
XZCBTC: Buy Setup

Here is a setup for XZCBTC to enter long. It can definitely go higher, but for a short term trade, we can buy in this area. Why can we buy this setup? It broke the downtrend and is showing a side channel for a continuation move of the initial impulse move. This is an ABCD Pattern trade strategy. What are your thoughts?
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Trade with care.
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Trade with care.
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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.