Interesting Setup on XTZ!!!
Hey guys, Merry XMas!
Spotted this interesting trade setup on XTZ.
If we can manage to break the top of the channel, I'll look for an entry after the retest at around $1.45, and making sure we get above that resistance line.
If we move towards the bottom of the channel, then I'll look for entry points in the purple box that coincide with the bottom of the channel. Maybe the $1.00 price point.
Spotted this interesting trade setup on XTZ.
If we can manage to break the top of the channel, I'll look for an entry after the retest at around $1.45, and making sure we get above that resistance line.
If we move towards the bottom of the channel, then I'll look for entry points in the purple box that coincide with the bottom of the channel. Maybe the $1.00 price point.
Note
XTZ seems like it will be breaking the channel to the up side. Not really liking BTC's position right now, but Alts are showing some momentum. I'll open a long on the retest. Here are the details:
Enter Price: $1.3710
Target: $1.2356
Stop Loss: $1.2356
Trade active
I managed to get into the trade on a Wick overnight. Was at a loss for a little and then closed at break even. The retest after breaking the channel failed, and we are moving down within the channel.
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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.