$XEC
XEC is holding its gains after a strong 31% rally, with price consolidating just below 0.00000846 resistance. The MA(7) remains above MA(25), keeping the short-term trend bullish, although the flattening MACD suggests momentum is cooling.
I'm looking for a pullback into 0.00000818–0.00000825 before considering an entry.
Entry: 0.00000818–0.00000825
TP1: 0.00000846
TP2: 0.00000870
SL: 0.00000795
Leverage: 3x–5x
I wouldn't chase this move. A healthy retest with buying volume offers a much better risk-to-reward setup than entering after the breakout.
XEC is holding its gains after a strong 31% rally, with price consolidating just below 0.00000846 resistance. The MA(7) remains above MA(25), keeping the short-term trend bullish, although the flattening MACD suggests momentum is cooling.
I'm looking for a pullback into 0.00000818–0.00000825 before considering an entry.
Entry: 0.00000818–0.00000825
TP1: 0.00000846
TP2: 0.00000870
SL: 0.00000795
Leverage: 3x–5x
I wouldn't chase this move. A healthy retest with buying volume offers a much better risk-to-reward setup than entering after the breakout.