XVS / TetherUSLong
XVSUSDT 4H Long setup; Bounced at newly created support
TA explained
XVS made a strong impulsive move since the start of 2021, now it formed a new structure around 34 - 46 usdt which could be considered a support area.
Price bounced on that price level to confirm the area as support, now creating an ascending triangle locally which on a breakout could trigger bullish continuation.
Given SL is at 39% from average entry which is pretty much so consider your entry and SL
Trade setup
Best entries: 43.637 - 54.016
TP1: 92.849
TP2: 130.045
TP3: 193.454
SL: 29.258
RR: 7.47
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XVS made a strong impulsive move since the start of 2021, now it formed a new structure around 34 - 46 usdt which could be considered a support area.
Price bounced on that price level to confirm the area as support, now creating an ascending triangle locally which on a breakout could trigger bullish continuation.
Given SL is at 39% from average entry which is pretty much so consider your entry and SL
Trade setup
Best entries: 43.637 - 54.016
TP1: 92.849
TP2: 130.045
TP3: 193.454
SL: 29.258
RR: 7.47
Max leverage: 1x
—————
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.