XTZUSDT Keeps convergence and time for entry!/Trading Strategy

1H trend chart
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A strong support zone was formed from long-term neckline, and it really seems effective for price while falling.
Moreover, a downtrend line keeps price converging and gradually forms a triangle.
Now, direction is still unknown, but if the upper downtrend line can be broken out, trading strategy as below.
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Profit Targets:
a) 9.166----Fib(1)
b) 10.048~10.405----Fib(1.272~1.382)
c) 12.409-----Fib(2)

Stop losses:
a) 7.152----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

Nota

Guys, this potential triangle pattern got destroyed while ETH plunged.
Also, the upper downtrend line of this presumable triangle hasn't been broken out,
so there is no timing to open position.
Let's wait for another pattern and chance.
Have a good day.

EthanTW

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Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

EthanTW