$XEC
Technical Analysis:
Given the 15-minute timeframe and 20X leverage, the strategy focuses on short-term price movements. Here’s the breakdown:
Entry Price:
Current Price: $0.00002236.
Look for a bullish crossover in the MACD or a breakout above the recent resistance level of $0.00002316.
Target Price:
First Target: $0.00002350 (2.33% upside from the current price).
Second Target: $0.00002400 (6.67% upside from the current price).
Stop-Loss:
Set the stop-loss at $0.00002150 (4.03% downside from the current price) to limit potential losses.
Risk Management:
With 20X leverage, even small price movements can result in significant gains or losses. Ensure that your position size aligns with your risk tolerance.
Consider allocating no more than 2-3% of your portfolio to this trade.