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Technical analysis by SaltSugar about Symbol XRD: Buy recommendation (4/4/2023)

https://sahmeto.com/message/3731051
SaltSugar
SaltSugar
Rank: 33053
0.8
Buy،Technical،SaltSugar

Buy XRD/USDT (spot: Bitfinex, Gate, Kucoin) entry: current price (0.042-0.043) target: 0.11-0.17 (incremental fix) invalidation: close below 0.033 on TF D1 FA/events/news: upcoming major release called "Babylon" in June 2023 TA: After slow bleeding in summer 22, XRD witnessed seller's capitulation in the end of Nov, 22 on high volume. In Jan, 23 higher high (HH) was printed (obviously, it was a resistance at 0.06). Then, we saw a successful retest of support (0.035-0.037) in March on high volume with higher lows. RSI on W1 is trending up. Overall narrative is also positive. So, I don't see any selling pressure until 0.11-0.17 Decent R/R trade.Pretty huge move upwards as expected. I've fixed 30%.30% closed with limit orders (0.00000450-500 range - XRD/BTC market). The rest - 0.09-0.01 manually.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$0.042299
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