Hey Binance Square family! š Let's delve into the recent movements of Tezos (XTZ/USDT) and explore potential trading opportunities. š
---
š Current Market Snapshot
Current Price: $0.675
24h Change: +3.41%
Market Cap: $697.13M
24h Volume: $30.93M
Circulating Supply: 1.04B XTZ
Data sourced from CoinMarketCap.
---
š Technical Overview
The XTZ/USDT pair has recently broken above a descending channel on the daily chart but faced resistance at the EMA100. A successful retest of the channel and a breakout above the EMA100 could signal further bullish momentum.
---
šÆ Trade Setup
Entry Zone: $0.670 ā $0.680
Take Profit (TP):
TP1: $0.733
TP2: $0.824
TP3: $0.939
TP4: $1.031
TP5: $1.199
Stop Loss (SL): $0.640
Note: Always ensure proper risk management and adjust your positions accordingly.
---
š§ Final Thoughts
Tezos is displaying promising signs of a bullish breakout. With strong support levels and increasing volume, it might be the right time to consider this token for your portfolio. Remember to stay updated with market trends and always trade responsibly.
---
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
---
