$XTZ SCENARIO 1: LONG - MAIN (Buy on Retest)
This is the healthiest setup.
- Long Entry: 0,2530 - 0,2570 (4h Bollinger MB area + former breakout support)
- Stop Loss: 0,2440 (below the 24h low of 0,2488 and below the 4h lower band)
- TP1: 0,2770 (4h Upper Bollinger)
- TP2: 0,2796 (1H Mid Bollinger)
- TP3: 0,3108 (24-hour high)
- Risk: Max 1-2% of capital. Use low leverage; this is an old coin, and its movements can be wild.
Reason: If the price returns to 0,2530 and holds, that confirms a bottom. The 4h MACD is already positive, and the RSI at 53 still has room to rise.
SCENARIO 2: SHORT - SCALP ONLY (Fade Resistance)
Only for aggressive traders who can act quickly.
- Short Entry: 0,2770 - 0,2800 (4h Upper Bollinger + 1H Mid Bollinger confluence)
- Stop Loss: 0,2860 (above resistance; invalidation)
- TP1: 0,2675 (current price)
- TP2: 0,2532 (4h Mid Bollinger)
- Invalid: If the 4h candle closes above 0,2800, cancel the short and shift focus to Long.
Reason: On the 1H chart, MACD is still negative, and the price has not been able to break above the MB at 0,2796. It could be rejected first before rising again.
What I’m Avoiding:
Going Long at the current price of 0,2677. That’s an awkward position, halfway between support at 0,2530 and resistance at 0,2796. The risk-reward is poor. Better to wait for the price to come to us, rather than chase it.
Verdict: LONG bias, but BE PATIENT. Wait for a retest of 0,2530 - 0,2570 to go Long, or wait for rejection at 0,2770 for a Short scalp. DYOR
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