XYOusdt Trading opportunity
Updated
XYOUSDT has achieved a magnificent breakout from its downtrend, showcasing a potential inverse head and shoulder formation. The price is currently forming the right shoulder of this pattern, with a broad accumulation zone that can accommodate most of the right shoulder formation. Targets are clearly delineated on the chart, ranging from immediate to final levels. For this setup, I recommend a 25% stop loss and suggest trading on spot to allow for proper room for dollar-cost averaging (DCA) if feasible.
Trade active
Massive rejection after the breakdown of our previous accumulation zone, this has turned the zone to a strong resistance zone to watch for, we anticipating for further drop as shown on the chart, although any breakout above the previous resistance zone must be follow with buying the pullback.
Trade active
Price holding the immediate demand area,
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