XTZUSDT
Perp
0.497
+2.26%
#XTZ It is moving within a descending channel on the daily timeframe and is currently sitting at a support area. For the bullish scenario, it must bounce from this area with strong volume. Do not enter here yet - the volume is weak, and the relative strength index indicates that there is still room for further decline. If a successful bounce occurs, we can look for the next short-term targets:
🎯 $0.5746
🎯 $0.6305
And if the price breaks above the channel resistance, the next bullish targets are:
🎯 $0.6892
🎯 $0.7404
🎯 $0.8132
🎯 $0.9061
❌ Invalid: Close a daily candle below the channel support.
⚠️ Always remember to use a tight stop loss and maintain proper risk management.