Oh Holy XenHello people hope you doing well
This is just an idea and its not an order or something like signal
So use stip loss and manage your balance when you enter the position
Here we have xen with good short momentum
But the dynamic support (its like head and shoulders support line), can refuse the bearish!!
Im waiting for a good close to enter:))
Good luck
XENUSDT
XENUSDT Still On TrackXENUSDT had a nice run but it formed a rising channel which broke to the downside as expected.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
XENUSDT: targets based on trend-based Fib (3D-chart)XEN is close to the LoW (Low of the Week).
Using the trend-based FIb I've determined the targets for taking proft.
These targets have confluence with Daily and/or Weekly levels of resistance and/or EMA-levels.
- 195: Daily level/ EMA 50-level (closing in)
- 430: trend-based Fib 0.091 level/ EMA 100-level (closing in)
- 800: weekly level
- 1000: HoW (High of Week)
- 4800: the -0.618 Fib-level corresponds well with a daily close on the Daily
These levels are 'obvious' levels and/or levels based on a Fib. Both have proven to be good places for taking profit for me.