XEC: A GOOD COIN TO SHORT IF THE MARKET DROPS.
Updated
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.
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.
Trade active
1000XEC/USD Profit Update:
Target 1 $0.04215 ✅
Target 2 $0.04098 ✅
Target 3 $0.03978 Pending.
Target 4 $0.03868 Pending.
Congratulations, guys!
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