Tezos has not performed as well as other alts recently. That said, its price is also fairly resilient as BTC is correcting right now. In fact, XTZ is currently at a very strong support zone: Weekly P pivot, Ichimoku cloud and Kijun line on 4H. I think it reasonable to jump in here with this long set-up:
Entrance price: ~$2.13
Stoploss: $1.93 (below S1 weekly pivot)
Target: $2.9 (R5 weekly pivot). $3 has been a strong resistance level, so let's see how price reacts there.
With this set-up, the R:R ratio would be ~4.5. Have fun trading.
Entrance price: ~$2.13
Stoploss: $1.93 (below S1 weekly pivot)
Target: $2.9 (R5 weekly pivot). $3 has been a strong resistance level, so let's see how price reacts there.
With this set-up, the R:R ratio would be ~4.5. Have fun trading.