$XCN Consolidation - 5:1+ R:R trade potential

KUCOIN:XCNUSDC - No doubt a "pre-rugged" coin - Fundamentals are interesting for spot - but if trading is more your style then watch the value consolidation between 20 & 50 SMMA - prepping for a move skyward....


Trade Idea:

Target gap at 0.00340 / coincidental with 200 SMMA on daily...

Invalidation is losing the 50 SMMA on daily (or 100 if you're holding spot and happy to be down for a while)

LET GO GET IT!