Hello Binance Square family! 👋 Let's dive into the recent movements of Tezos (XTZ/USDT) and explore potential trading opportunities. 📈
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📊 Current Market Snapshot
Current Price: $0.675
Change over 24 hours: +3.41%
Market Cap: $697.13M
24-hour trading volume: $30.93M
Circulating Supply: 1.04 billion XTZ
Data sourced from CoinMarketCap.
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🔍 General Technical Overview
The XTZ/USDT pair has recently broken above a descending channel on the daily chart but faced resistance at EMA100. A successful test of the channel and a breakout above EMA100 could signal further bullish momentum.
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🎯 Trade Setup
Entry Zone: $0.670 – $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.
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🧠 Final Thoughts
Tezos shows promising signs of a bullish breakout. With strong support levels and increasing volume, it may be the right time to consider this cryptocurrency for your portfolio. Remember to stay informed about market trends and always trade responsibly.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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