đXTZ: pullback and trap by the whales! Should you open a long?
đTezos (XTZ) looks stronger than the most of altcoins. After the fall, it almost didn't consolidate and started to grow, which shows high demand.
But a local pullback is possible. How will it happen?
đThe price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades.
đŠIt's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player.
â The first target will be the key level of $2.88.
đťFriends, press the "like"đ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
But a local pullback is possible. How will it happen?
đThe price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades.
đŠIt's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player.
â The first target will be the key level of $2.88.
đťFriends, press the "like"đ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Get access to the private club with VIP signals
đ bit.ly/vip_bikotrading
đˇTelegram đ t.me/+ICrmLIneDmRiYjIy
đˇYouTube đ bit.ly/YouTube__Lessons
đ bit.ly/vip_bikotrading
đˇTelegram đ t.me/+ICrmLIneDmRiYjIy
đˇYouTube đ bit.ly/YouTube__Lessons
Verbundene VerĂśffentlichungen
Haftungsausschluss
Die Informationen und VerÜffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.