XEC sell/short setupThe big XEC structure is bearish.
Looks like it's creating an internal pullback now.
By reaching the swap range, you can enter the sell/short position.
Closing a 4-hour candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
1000xec
XEC LOOKS BULLISHIt has broken the dynamic resistance and it looks like a valid break out.
We have a support swap range, but below this range, there are other support ranges.
I specified the invalidation level so that a candle is not closed below this level in the daily time frame, the analysis will not be violated.
The general structure is bullish, and it seems that after eating a little volume around this, the XEC symbol can continue its rise.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XEC ANALYSIS (1D)XEC has been bullish for a few days now. Examining the waves, I realized that this symbol is inside a large symmetrical pattern located on the I branch. We are looking for sell/short positions in the red box
I specified the invalidation level, closing 1 daily candle above this level will violate the analysis.
To complete the large and time-consuming symmetrical branch I, we expect it to move from the red box to the two announced targets.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XEC: A GOOD COIN TO SHORT IF THE MARKET DROPS.Hello traders, let's keep an eye on XEC/USDT. The market is in the overbought zone which means a correction is needed soon.
Timeframe: 4 hours.
Update: If the market drops then XEC could be a good coin to short. XEC is under resistance and in the past, it has been rejected twice. Also, we can see a bearish divergence formation in XEC which supports the rejection.
Trade setup:
The best entry would be $0.04368 to $0.04459.
Stop Loss: $0.04551.
Targets:
$0.04215
$0.04098
$0.03978
$0.03868
Note: Enter this trade only when you see the market dumping. Do not FOMO.