✳️Tezos/USDT (8/11) View + Trading Plan #XTZ $XTZAfter breaking out of the 1.9$ zone, XTZ quickly turned back and closed the 1D candle above the 2$ zone and this is a good sign that the 1.9-2$ zone is very important for XTZ and it can push the XTZ up strongly in this November.
The heading targets will be the 2.5$ and 3.5$ zones
However, if the 1.9-2$ zone continues to fail, there is still a very strong support zone at 1.5-1.6$
📈BUY- LONG
- Buy: 1.9-2$, stoploss if B
📉SELL-SHORT
- Sell: 2.5-2.6$, stoploss if A
- Sell: 3.4-3.5$, stoploss if A
♻️BACK-UP
- Buy: 1.5-1.6$, stoploss if B
- Sell close to 1.9-2$ if B, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Xtzusdtperp
XTZUSDT moving down to Supports @ 1.9, 1.6-1.7 & 1.2As stated in my previous post, XTZUSDT did not stay above the diagonal lines and wasn't supported by the rings either, so bulls failed to hold. Currently XTZUSDT is heading down to 1.9 support, and may consequently move down to support rings at 1.6/1.7 and possibly move to 1.2 support if bears win! #TradeCarefully
XTZ/USDTPERP 4H (Binance) Rising wedge about to break-outTezos is on dangerous support, if break-out is confirmed this would probably go down, so that's our short-term set-up:
Sell Entry= 1.995 - 1.925
Take Profit= 1.847 | 1.787 | 1.681
Stop Loss= 2.073
Risk/Reward= 1:1 | 1:1.53 | 1:2.47
Expected Profit= 28.85% | 44.15% | 71.15%
Possible Loss= -28.85%
Margin Leverage= 5x