XDCLong
XDCUSD (1W) - buy the dip
Hi traders,
Here it is my idea for a long position on XDCUSD (1 week time frame).
The price hit a local high in July 2023 and hit another high in November 2024, after that the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 0.03882059 and 0.03419194.
We will put our first take profit at the level of the last high, at 0.09315100. The second take profit will be at 0.10940000 when the price hit a local high in December 2021.
Good luck!
Here it is my idea for a long position on XDCUSD (1 week time frame).
The price hit a local high in July 2023 and hit another high in November 2024, after that the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 0.03882059 and 0.03419194.
We will put our first take profit at the level of the last high, at 0.09315100. The second take profit will be at 0.10940000 when the price hit a local high in December 2021.
Good luck!
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