Correction complete time to long TEZOS XTZUSDT
This setup like any ALT/Derivative or Spot setup is and always will be dependable on how BTC is trading .
Please ensure you understand this as I have been trolled by individuals whom dont understand the distinction and thus probably lose money and take it out on me .
Ok well here we have the XTZ/USDT Pair on Bybit Perpetual contract .
As you can see from the drawing we have completed a full retracement down to the .886 fib and made a nice reaction off of this level ,
with a back test of the .382 back on the 5th Of Feb and now we are slowly building on some upwards movement again .
If you are looking to enter I would suggest that you set some alerts and maybe we pull back to the .382 when BTC throws a wobbly or the .236 if we were to
fast wick down ... again revolving around BTC !
Sitting at the .786 level is the POC so i would not expect to go straight through it as i anticipate a fair level of resistance here .
My targets would be around the 1-1 as marked and around the VAH .
Ensure to take profits on the way up in increments of 25% for example .
.Always use a SL and know your Invalidation
Please ensure you understand this as I have been trolled by individuals whom dont understand the distinction and thus probably lose money and take it out on me .
Ok well here we have the XTZ/USDT Pair on Bybit Perpetual contract .
As you can see from the drawing we have completed a full retracement down to the .886 fib and made a nice reaction off of this level ,
with a back test of the .382 back on the 5th Of Feb and now we are slowly building on some upwards movement again .
If you are looking to enter I would suggest that you set some alerts and maybe we pull back to the .382 when BTC throws a wobbly or the .236 if we were to
fast wick down ... again revolving around BTC !
Sitting at the .786 level is the POC so i would not expect to go straight through it as i anticipate a fair level of resistance here .
My targets would be around the 1-1 as marked and around the VAH .
Ensure to take profits on the way up in increments of 25% for example .
.Always use a SL and know your Invalidation
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