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Market Context:
$XEC is holding above 0.00001180, forming higher-lows on the 15-minute chart.
Buyers remain active, suggesting short-term bullish momentum.
Recent resistance at 0.00001220 may be tested again if the support holds.
Trade Setup (Short-Term Long):
Entry: 0.00001185 – 0.00001195
Take Profit 1 (TP1): 0.00001210
Take Profit 2 (TP2): 0.00001225
Stop Loss (SL): 0.00001170
Strategy Notes:
Risk is limited below the support at 0.00001180.
If $XEC breaks below 0.00001170, the bullish structure is invalidated, signaling potential further downside.
For conservative traders, consider scaling out at TP1 to secure profits and letting the rest ride to TP2.