Analysis
This trade idea is based on the bullish daily trend and a flip of support to resistance. The entry zone aligns with the Golden Ratio (0.618 Fibonacci Retracement), offering a strong confluence for a potential bounce.
- Asset Pair: XAI/USDT
- Timeframe: 4HR
- Key Levels:
- Entry: 0.2638
- Stop Loss: 0.2447
- Target: 0.3574
- Risk-to-Reward Ratio: 4.88
- Additional Note: Trailing stop loss can be applied to secure profits as the trade progresses.
Risk Management
The stop loss is tightly set at 0.2447, ensuring a defined risk for a high 4.88 R:R ratio.
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Disclaimer
This idea is for educational purposes only and is not financial advice. Trading involves significant risks. Always perform your own analysis and consult with a licensed professional before executing trades.
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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.
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.