XAI breakout Buy breakout,

27 giu

#XAI

The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward break.

We have a support area at the lower boundary of the channel at 4.78, acting as strong support from which the price can rebound.

We have a major support area in green that pushed the price higher at 4.60.

Entry price: 4.88
First target: 5.047
Second target: 5.19
Third target: 5.35

To manage risk, don't forget stop loss and capital management.

When you reach the first target, save some profits and then change your stop order to an entry order.

For inquiries, please comment.

Thank you.

3 lug

Trade chiuso: obiettivo raggiunto

#XAI
First target: 5.047 Reached
Second target: 5.19 Reached
Third target: 5.35 Reached