XSN USD forward looking targetsXSNUSD looks to be consolidating in the range of $ 0.25 to $ 0.35.
On January 26th 2021, a low support level was established at $ 0.23.
On February 23rd 2021, a higher support level was established at $ 0.253.
A resistance range was established between $ 0.32 and $ 0.35.
As the higher support level exists with a wide range, in conjunction with the price action causing a wedge below the wide resistance range, I'd expect the price to push nicely into the zone of $ 0.32 and $ 0.35, with theoretical chance of 40% to potentially cause some strong pricing pressure to the upside.
Fundamentally, being a newer listing, possessing a very attractive User Interface for an easy to use DEX application and User Wallet with L2 functionality, I expect to see XSN USD back over $ 0.50 in approximately two weeks time, as millennials and gen z care deeply about decentralized finance and getting rich at a younger age than their parents did, and are looking for cryptos that can increase in price indicator by several hundred percentages.
BITFINEX:XSNUSD
Usdpair
EURUSD AT BREAKING POINT FOR A NICE SHORTThis is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07
When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account.
Trading just like any other business should be a ground where you do long term trades as well as short term trades.
If you are capable of looking at trading as any other business field where you have to invest and reap fruits in the long run then you will never have any reason to worry about blowing your account. Rather grow it in the opportunities that have a long-term return on your investment.
Now with that said, remember to manage your risk well, and enter the market in a way that it would not hurt you no unless the extra ordinary happens. And so to cover the extra ordinary you know what to do - stop loss.
Have a fruitful week and no matter what, do not get out of that short :)
