๐ด $XNY โ Distribution Signals Building Near Resistance
๐ Trading Plan: Short $XNY (Max 10x)
๐ฏ Entry: $0.007200 โ $0.007400
๐ Stop Loss: $0.008000
โ TP1: $0.006800
โ TP2: $0.006000
โ TP3: $0.005000
Price is approaching a key resistance zone where buying pressure appears to be losing strength. The recent move higher looks increasingly driven by retail FOMO, while participation is starting to cool off and momentum is fading. โ ๏ธ
A rejection from this area could trigger a deeper pullback, especially if support levels begin to break and late longs start getting forced out of positions. ๐
Stay patient for confirmation on the resistance retest, manage risk carefully, and avoid chasing entries. ๐ฏ๐ฅ
Trade $XNY here ๐
#CryptoTrading #ShortSetup #BinanceSignals #TradingPlan #RiskManagement
๐ Trading Plan: Short $XNY (Max 10x)
๐ฏ Entry: $0.007200 โ $0.007400
๐ Stop Loss: $0.008000
โ TP1: $0.006800
โ TP2: $0.006000
โ TP3: $0.005000
Price is approaching a key resistance zone where buying pressure appears to be losing strength. The recent move higher looks increasingly driven by retail FOMO, while participation is starting to cool off and momentum is fading. โ ๏ธ
A rejection from this area could trigger a deeper pullback, especially if support levels begin to break and late longs start getting forced out of positions. ๐
Stay patient for confirmation on the resistance retest, manage risk carefully, and avoid chasing entries. ๐ฏ๐ฅ
Trade $XNY here ๐
#CryptoTrading #ShortSetup #BinanceSignals #TradingPlan #RiskManagement
