Buy Zone for Onyxcoin (XCN) at 0.02232 - SHORTPossible Idea - Buy Zone Description for Onyxcoin (XCN) at 0.02232
The buy zone at 0.02232 represents a key support level for Onyxcoin (XCN) on the 4-hour timeframe from the Coinbase exchange. This level is marked by a red horizontal support line, indicating an area where price previously found strong buying interest.
The SMA indicators suggest an upward trend, but a potential retracement to 0.02232 could offer a buying opportunity.
If price revisits this support, it may provide a favorable risk-reward entry before another upward move.
Entry: Consider buying near 0.02232 if the price holds above this level with strong volume.
Stop-Loss: Set below the support (e.g., 0.02150) to minimize downside risk.
Target: Look for a potential upside move towards resistance levels at 0.03128 or higher.
This zone could act as a retest area before continuation if the bullish trend remains intact. Always use risk management and monitor price action closely. 🚀
NOT FINANCIAL ADVICE = TRADE AT YOUR OWN RISK
