XPIN /USDT just flushed 24% and retail is blindly buying the wick—here’s why the breakdown isn't over.
$XPIN /USDT - SHORT
Entry: 0.001290 – 0.001350
SL: 0.001480
TP1: 0.001150
TP2: 0.001030
TP3: 0.000920
Why this setup?
The 1h timeframe suffered a massive capitulation flush down to the 0.001028 level, and the current bounce attempt is struggling to build any meaningful momentum.
Moving averages (7, 25, and 99 MAs) are completely fanning out to the downside, keeping price capped under harsh dynamic resistance.
Trading volume on the red sell candle completely dwarfed the current green pullback candles, showing a complete lack of aggressive buyer demand.
Invalidation is tightly set above the 0.00148 local consolidation high, offering a clean risk-to-reward path for a complete retest of the recent low wick.
Debate:
Are you fading this weak relief bounce back down to the 0.00103 low, or do you expect bulls to attempt a broader recovery?
Click here to Trade 👇
$PORTAL $BTW
$XPIN /USDT - SHORT
Entry: 0.001290 – 0.001350
SL: 0.001480
TP1: 0.001150
TP2: 0.001030
TP3: 0.000920
Why this setup?
The 1h timeframe suffered a massive capitulation flush down to the 0.001028 level, and the current bounce attempt is struggling to build any meaningful momentum.
Moving averages (7, 25, and 99 MAs) are completely fanning out to the downside, keeping price capped under harsh dynamic resistance.
Trading volume on the red sell candle completely dwarfed the current green pullback candles, showing a complete lack of aggressive buyer demand.
Invalidation is tightly set above the 0.00148 local consolidation high, offering a clean risk-to-reward path for a complete retest of the recent low wick.
Debate:
Are you fading this weak relief bounce back down to the 0.00103 low, or do you expect bulls to attempt a broader recovery?
Click here to Trade 👇
$PORTAL $BTW