XCNUSDT trade ideas
xcn conservative longI missed my entry on xcn earlier. Not wanting to miss the entire move completely i decided to go for a conservative long. with wide stop in case it corrects back down before pumping.
Am anticipating an aggressive pump so targeting $0.022497 but might take partial at $0.0214
Stop: $0.019327 or lower
Xcn short to $0.019Entered xcn short a while ago. Aiming for $0.019
I entered early in anticipation of the break to the downside, wanted to wait for confirmation before sharing. A slight pullback entry would be good to get a 2RR return given all goes well.
Daily tf is currently correcting
Stop and targets on chart
XCN BIG DUMP back to $0.014305Not too long ago I opened this short position on xcn.
Its a big short. Targeting $0.014305
I used my DTT methodology .
Visually you can see the RR on the chart. Roughly 9-10RR from my entry. And I'll likely scale in later on given trade continues to work out.
Time sensitive
I won't bore you with tldr details if you want to learn more about DTT checkout the social and website links available. I'll update trade management below
XCNUSDT trading idea.XCN follow closely an Elliott Wave structure, with a completed Wave 3 peak and a corrective Wave 4 forming within the important zone which serves as buyback zone. Price action suggests a rounded bottom pattern in the making, indicating potential accumulation before Wave 5 targets the major selloff zone.
Trendline support aligns with the secondary demand zone, reinforcing the bullish setup. Resistance levels are marked at key reaction points, with price currently consolidating after a strong impulse.
A sustained move above resistance could confirm the next leg up, while failure may lead to a deeper retracement towards the primary demand zone as shown on the chart.
XCN short to $0.011144I just opened a short position on xcn. I anticipate the market will continue to fall lower. Even lower that my target of $0.0111444
Market is currently attempting to make a new lower low on the 4hr tf and its already bearish on daily and 1hr tf so more timeframe will be in alignment further increasing the odds of this trade working out.