XTZUSDT 4H long setup; Break out of bull flag
TA Explained
XTZ formed a bull flag on the 4H TF. Tries to break it out upwards. Additionally it tries to break out a falling wedge as can be seen on the daily TF:
SL just below the bull flag bottom at 7% from average entry. So advised to use not more than 3x leverage for this setup.
Trade setup
Best entries: 2.045000 - 2.124500
TP1: 2.222900
TP2: 2.300000
TP3: 2.427000
SL: 1.939000
RR: 2.34
Max leverage: 3X
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XTZ formed a bull flag on the 4H TF. Tries to break it out upwards. Additionally it tries to break out a falling wedge as can be seen on the daily TF:
SL just below the bull flag bottom at 7% from average entry. So advised to use not more than 3x leverage for this setup.
Trade setup
Best entries: 2.045000 - 2.124500
TP1: 2.222900
TP2: 2.300000
TP3: 2.427000
SL: 1.939000
RR: 2.34
Max leverage: 3X
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.