XTZUSDT 4H long setup; Break out of bull flag
TA Explained
XTZ formed a bull flag on the 4H TF. Tries to break it out upwards. Additionally it tries to break out a falling wedge as can be seen on the daily TF:
SL just below the bull flag bottom at 7% from average entry. So advised to use not more than 3x leverage for this setup.
Trade setup
Best entries: 2.045000 - 2.124500
TP1: 2.222900
TP2: 2.300000
TP3: 2.427000
SL: 1.939000
RR: 2.34
Max leverage: 3X
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XTZ formed a bull flag on the 4H TF. Tries to break it out upwards. Additionally it tries to break out a falling wedge as can be seen on the daily TF:
SL just below the bull flag bottom at 7% from average entry. So advised to use not more than 3x leverage for this setup.
Trade setup
Best entries: 2.045000 - 2.124500
TP1: 2.222900
TP2: 2.300000
TP3: 2.427000
SL: 1.939000
RR: 2.34
Max leverage: 3X
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)