Please note that performance on this idea is not guaranteed. Please do your own research before entering this market.
I previously shared an idea in which I discussed how I'd aim for entries in the lower end of the channel, between 2.60 & 2.65. This little dip has taken place, but I still consider this a solid entry for long-term holding.
XTZUSD is still trading in the lower end of the channel, and has plenty of headroom. First support is at $2.63, I'd aim for entries between $2.70 and $2.65, but if you believe the next leg up is sooner, I consider market buying to be perfectly acceptable as well.
At this point in time, I believeXTZUSD will face little resistance on its next leg up. Targeting the upper side of the channel, between $3.15 and $3.20 seeing as the first strong resistance ($3.21) coincides with the upper band of the channel.
Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
I previously shared an idea in which I discussed how I'd aim for entries in the lower end of the channel, between 2.60 & 2.65. This little dip has taken place, but I still consider this a solid entry for long-term holding.
XTZUSD is still trading in the lower end of the channel, and has plenty of headroom. First support is at $2.63, I'd aim for entries between $2.70 and $2.65, but if you believe the next leg up is sooner, I consider market buying to be perfectly acceptable as well.At this point in time, I believe
XTZUSD will face little resistance on its next leg up. Targeting the upper side of the channel, between $3.15 and $3.20 seeing as the first strong resistance ($3.21) coincides with the upper band of the channel. Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
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