Today's Trading Signals for Tezos

Action: Buy $XTZ

Entry: $1.78 – $1.83

TP1: $1.94

TP2: $2.10

SL: $1.65

DCA (Dollar Cost Average): $1.68, $1.58

Analysis:

Tezos (XTZ) has shown strong bullish momentum, with a 35% price increase over the past week and a significant 179% gain over the last 30 days. The current price of $1.80 reflects a 5.59% rise in the past 24 hours. This upward trend aligns with increasing trading volume, which suggests heightened interest and potential continuation of the rally.

The first resistance zone lies near $1.94, where short-term profit-taking might occur. If this level is broken, the next target is $2.10. Traders should consider using stop-loss orders at $1.65 to minimize risks in case of a reversal. For long-term believers, DCA strategies near $1.68 and $1.58 could provide attractive entries during pullbacks.

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