$XDC #XDC 📉
Direction: SHORT
Entry zone: 0.029506 to 0.029624
Stop loss: 0.030009
Target 1: 0.028974
Target 2: 0.028531
XDC is trading near 0.029565 dollars, down 4.36 percent in 24 hours, one of the weakest names in the top 100 today, inside a range of 0.029066 to 0.030952 dollars, and the recent closes show a clean slide lower, 0.0300938, then 0.02986751, then 0.02986598, then 0.02968633, then 0.02956531. 🔴 My reading is that XDC is in a steady downtrend because every close is lower than the last while the market is in fear ahead of CPI, and a coin sliding like this usually keeps sliding until Bitcoin finds a floor. A short from the current zone, with a stop above 0.030009, targets 0.028974 first and then 0.028531 if sellers push toward the range low. A move above 0.030009 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does XDC fall to 0.028974 first, or bounce above 0.030009? 🤔
Follow for more trades.
#Xdc #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.029506 to 0.029624
Stop loss: 0.030009
Target 1: 0.028974
Target 2: 0.028531
XDC is trading near 0.029565 dollars, down 4.36 percent in 24 hours, one of the weakest names in the top 100 today, inside a range of 0.029066 to 0.030952 dollars, and the recent closes show a clean slide lower, 0.0300938, then 0.02986751, then 0.02986598, then 0.02968633, then 0.02956531. 🔴 My reading is that XDC is in a steady downtrend because every close is lower than the last while the market is in fear ahead of CPI, and a coin sliding like this usually keeps sliding until Bitcoin finds a floor. A short from the current zone, with a stop above 0.030009, targets 0.028974 first and then 0.028531 if sellers push toward the range low. A move above 0.030009 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does XDC fall to 0.028974 first, or bounce above 0.030009? 🤔
Follow for more trades.
#Xdc #Crypto #FuturesTrading #TradingSignals
