Keep it Simple!
Looking at XTZ on the weekly, we can see it has made a strong hold in the green box at a very important support level - 9000 Sats range. Not only this but XTZ has formed a higher low pattern, suggesting the level is respected, and with the rising volume a new higher low has been held. The allowed for those who followed this trade to hit their first and even second profit target.
What we want to see for XTZ is to form a new high, above the 16000 Sat's range. This will confirm a change in momentum and allow for the higher profit targets (orange boxes) to be hit.
I suggest to take around 10-20% of you trade at each profit target. One the third profit target is hit, move your stop loss to where your first profit target originally was.
Looking at XTZ on the weekly, we can see it has made a strong hold in the green box at a very important support level - 9000 Sats range. Not only this but XTZ has formed a higher low pattern, suggesting the level is respected, and with the rising volume a new higher low has been held. The allowed for those who followed this trade to hit their first and even second profit target.
What we want to see for XTZ is to form a new high, above the 16000 Sat's range. This will confirm a change in momentum and allow for the higher profit targets (orange boxes) to be hit.
I suggest to take around 10-20% of you trade at each profit target. One the third profit target is hit, move your stop loss to where your first profit target originally was.
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