XST big move comingWith oil rigs drilling and at 9 mill MC plus cashflow positive, very little downside here
Nice little shakeout to test long term support of 0.002 and stop out loose holders, now looks to be gearing up for an attack at the gap at 0.012
Big base, huge accumulation, right news will send this
DYOR
XST trade ideas
Possible XST Long Position!!ASX:XST
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.02
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.02
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!