SuhaibM

XZCUSDT analysis

BINANCE:XZCUSDT   None
Sell2 and bear signal say we must NOT buy. Here is my analysis:

1. We can buy when risk/reward ratio is greater than 2 , we can buy at 4.758 usdt
2 . We can buy at support = 4.151usdt
3. Chart is below the McGinley dynamic line, which means we can buy when our risk/reward ratio is greater than 2.

Since there is an existing buy1 signal, either buy2 or bull signal is required for buy decision. We must also sell if the chart goes 1D open & close below the support line.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.