#BTCvsMarkets
---$xcn
XCN/USDT Trade Breakdown – Two Targets Achieved
Earlier, a long position was identified on XCN/USDT around the price level of $0.02072, supported by a falling wedge breakout pattern on the 15-minute chart. The technical setup was backed by decreasing selling pressure, tighter price action, and a breakout confirmation.
Trade Setup:
Signal Type: Long
Entry: $0.02072
Stop Loss: $0.01970
Targets:
1. $0.02149 ✅
2. $0.02228 ✅
3. $0.02324
4. $0.02328+
As anticipated, the breakout gained momentum shortly after entry. The price pushed upwards and successfully hit the first target at $0.02149, followed by the second target at $0.02228, confirming the breakout's strength.
Price Action Recap: The move from $0.02072 to $0.02228 marked a solid +9% gain. For those using 20x leverage, the result was a significant +180% return on the position. The price structure respected the stop loss level and maintained upward strength throughout the trade.
This trade serves as a textbook example of how price consolidations within a wedge often lead to explosive breakouts when supported by volume and structure.
Conclusion: A disciplined approach, proper risk management, and trust in technical patterns helped this trade deliver a strong outcome. Watching how the price reacts near the next resistance zones around $0.02324–$0.02328 will be key for anyone still holding the position.
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CryptoMarketCapBackTo$3T
