XPTUSD 📈 The Platinum Heist Strategy: XPT/USD Bullish Breakout Plan Based on a robust blend of technical analysis, fundamental insights, and market sentiment, this strategy targets a bullish breakout in the XPT/USD market. Here’s your step-by-step guide to joining the heist and securing profits! 💪
🔑 Key Entry Points 📈 Breakout Entry: Wait for a confirmed breakout above the resistance zone at 1440.00. This is your signal to go long and ride the bullish wave! 🚀
Pullback Entry: For cautious traders, place buy limit orders near the most recent swing low or high on a 15-minute or 30-minute timeframe. Use the 50-period moving average as a dynamic support guide. 🕒
Layered Entries (DCA): Employ a Dollar Cost Averaging (DCA) strategy by placing multiple buy limit orders to scale into the position, reducing risk and optimizing entry. 📊 Action Tip: Set a price alert at 1440.00 to catch the breakout in real-time. Stay sharp! 🔔
🛑 Stop Loss Strategy 🛡️ Placement: Set your stop loss below the recent swing low on the 4-hour timeframe (1390.00), but only after the breakout is confirmed. Premature stop losses could get you caught! 🚫 Risk Management: Adjust your stop loss based on your lot size, risk tolerance, and the number of layered entries. For example, a 1% risk per trade is ideal for most. ⚖️ Pro Tip: Avoid placing stop losses before the breakout to prevent being stopped out by market noise. Patience is your ally! 🧘♂️
🎯 Profit Targets & Exit Plan 🏴☠️ Primary Target: Aim for 1560.00, a high-probability profit zone based on historical resistance and Fibonacci extensions. 💰 Early Exit Option: If momentum slows or volatility spikes, consider exiting early to lock in gains before hitting the target. 💸
XPTUSD The situation with platinum is similar — like with palladium, I expect the uptrend to continue. However, the upside potential for platinum is more limited, so I’ll focus on adding to my position in palladium instead.
…someone messaged me privately asking about my thoughts on platinum. Since I don’t want to provide tv my phone # to use that feature, I can only respond to you here, publicly. I won’t mention the user’s name, in case they want to remain private, but if you’d like to ask anything else you can do it privately and I’ll respond back here, on this thread.
…I’ll preface by saying this - I’m not advising anyone to do anything, just sharing my thoughts on what’s currently unfolding in the inferior metals space (silver, platinum, palladium). There are 2 main factors driving the demand for these metals: supply/demand & store of value.
…there are deficits in these metals, with world shortages and increasing demand for them, they’ll organically rise in value. That’s the supply/demand factor. As for store of value, gold is increasingly becoming unaffordable for most retail buyers, which subsequently further increases the demand for these inferior precious metals as buyers seek alternatives in the safe-haven assets market.
…the way I see it - the gold to silver/platinum ratios have gapped significantly during gold’s current bull cycle and it was only a matter of time for the inferior metals to catch up. We will continue to see these metals rise in value, due to the reason people are flocking to safe-haven assets and seeking alternatives to gold, along with the supply crunches weighing on the ability to meet this increased demand.
***There are risks associated with investing in anything, so proper risk management is imperative, regardless of your views***
XPTUSD 📈 The Platinum Heist Strategy: XPT/USD Bullish Breakout Plan
