- Entry: 0.0106 – 0.0110 - Stop Loss: 0.0118 - First Target: 0.0098 - Second Target: 0.0090
Brief explanation of the logic👇 This uptrend has been going on for quite a while, but now the upward momentum is clearly weakening, and the price action is starting to consolidate and become choppy. Although the bulls are still holding on, their strength is diminishing, with price grinding around the resistance level rather than making a decisive push higher. Short-side capital is gradually returning, and once the uptrend stalls and buying pressure weakens, a pullback will likely occur📉
Short-term bias is bearish, just execute according to plan and manage your risk well✅
#XAN Market update here📈
The rally has been moving up consistently, but it's started to stall and get stuck at this level⚠️
Trading Strategy: Short $XAN
- Entry: 0.0106 – 0.0110
- Stop Loss: 0.0118
- First Target: 0.0098
- Second Target: 0.0090
Brief explanation of the logic👇
This uptrend has been going on for quite a while, but now the upward momentum is clearly weakening, and the price action is starting to consolidate and become choppy.
Although the bulls are still holding on, their strength is diminishing, with price grinding around the resistance level rather than making a decisive push higher.
Short-side capital is gradually returning, and once the uptrend stalls and buying pressure weakens, a pullback will likely occur📉
Short-term bias is bearish, just execute according to plan and manage your risk well✅
Trade here👇
$XAN