#X New structure, new target area
Updated
π#X New structure, new target area π₯
π§ From a structural perspective, we have built a new long structure after breaking through the previous target area. The ideal target area for this structure is 0.00036361-0.00045236. Currently, an ascending triangle has formed near the resistance line, so we may reach the ideal target area
β οΈIf we break below the long defense point, it means that this upward trend is over, and the probability of reaching the ideal target area becomes smaller. If the structure further evolves into a bearish head and shoulders structure, then after this short structure is established, you can try to place some short orders
Let's seeπ
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XUSDT.P
π§ From a structural perspective, we have built a new long structure after breaking through the previous target area. The ideal target area for this structure is 0.00036361-0.00045236. Currently, an ascending triangle has formed near the resistance line, so we may reach the ideal target area
β οΈIf we break below the long defense point, it means that this upward trend is over, and the probability of reaching the ideal target area becomes smaller. If the structure further evolves into a bearish head and shoulders structure, then after this short structure is established, you can try to place some short orders
Let's seeπ
π€If you like my analysis, please likeπ and shareπ¬
π Follow me so you don't miss out on any signals and analyze π―
XUSDT.P Trade closed: target reached
Reach the ideal target areaNote
#X
I admit that I was timid, because it was only a little bit away from our entry point and was not triggered, so in order to avoid the possible risk of a fallback, I notified everyone to cancel the limit order, and finally we reached the ideal target area as expected.
But trading is like this, the essence of trading is to exchange risk for profit, and I chose to cancel the risk, which means canceling the possible profit in the future.
The current volatility is very drastic, it is no longer suitable for futures trading, safety first
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