Is This the Most Perfect Bollinger Band Breakout Ever?I’ve been keeping an eye on XCN/USDC, and this latest move is something else. After a sharp drop that looked like a liquidity grab, we’ve seen a stunning recovery and breakout above the upper Bollinger Band. Could this be the start of something huge?
This kind of setup has the potential to keep running, and I wouldn’t be surprised if we see new highs soon. Is this the strongest bounce we’ve seen in weeks, or do you think there’s more consolidation ahead?
Drop your thoughts, follow, and share for more insights like this. Let’s see where this takes us!
XCNUSDC trade ideas
$XCN Consolidation - 5:1+ R:R trade potentialKUCOIN:XCNUSDC - No doubt a "pre-rugged" coin - Fundamentals are interesting for spot - but if trading is more your style then watch the value consolidation between 20 & 50 SMMA - prepping for a move skyward....
Trade Idea:
Target gap at 0.00340 / coincidental with 200 SMMA on daily...
Invalidation is losing the 50 SMMA on daily (or 100 if you're holding spot and happy to be down for a while)
LET GO GET IT!