Respecting the Trend XTP LONG!
I've been waiting for the right conditions to share insight into the tell tale signs of a continuing trend.
Once the price is above all the exponential moving averages my mind switches to distributing / taking shorts.
Finding the right place to execute on that plan takes a bit more consideration.
In this example we can see that although the price is above all the moving averages it is finding support on the orange line or what I call the gold fish.
This is something that I have noticed on every chart and on any commodity / currency pairing.
I am having difficulty in finding the next level to distribute on XTP given that we are still at heavily discounted prices.
My targets range from 40 sats to 1500 sats.
I am seeing big players in the order books and they are also playing to accumulate so I am expecting huge volatility.
Once the price is above all the exponential moving averages my mind switches to distributing / taking shorts.
Finding the right place to execute on that plan takes a bit more consideration.
In this example we can see that although the price is above all the moving averages it is finding support on the orange line or what I call the gold fish.
This is something that I have noticed on every chart and on any commodity / currency pairing.
I am having difficulty in finding the next level to distribute on XTP given that we are still at heavily discounted prices.
My targets range from 40 sats to 1500 sats.
I am seeing big players in the order books and they are also playing to accumulate so I am expecting huge volatility.
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