$XAN
๐ XAN/USDT Technical Analysis: Critical Demand Area & Trendline (Make or Break)
Looking at the XAN/USDT (Perp) chart on the 1h & 4h timeframe, the current market structure is in a very crucial moment to monitor:
1๏ธโฃ Uptrend Still Intact: In terms of the larger structure (TF 4h), XAN is still maintaining an uptrend because it consistently forms higher lows along the diagonal green trendline (Dynamic Support).
2๏ธโฃ Approaching the Demand Zone: Currently, the price is undergoing a healthy correction and is nearing a strong Demand Zone / Order Block (green box) in the range of 0.008800 - 0.009200.
โ ๏ธ Three Possible Scenarios Ahead:
๐ Scenario A (Rebound): Price receives a strong buy response within the demand zone and bounces upward to continue the bullish trend.
โก Scenario B (Liquidity Sweep / Fakeout): Price deliberately breaks the trendline briefly to trigger retail Stop Losses, then quickly gets pulled up again (forming a long candle tail).
๐ Scenario C (Breakdown): If the demand zone fails to hold and a thick candle closes below 0.008700, then the uptrend structure officially breaks and the trend turns bearish.
Trading Plan: Itโs safer to wait and see for confirmation of a reversal pattern (such as bullish engulfing or a pin bar) on the smaller timeframe (15m/5m) when price enters the green box before deciding on a Long entry.
What do you think, Square friends? Will XAN bounce strongly in this area or will it slump? ๐๐
#OilPriceRises
#writetoearn
๐ XAN/USDT Technical Analysis: Critical Demand Area & Trendline (Make or Break)
Looking at the XAN/USDT (Perp) chart on the 1h & 4h timeframe, the current market structure is in a very crucial moment to monitor:
1๏ธโฃ Uptrend Still Intact: In terms of the larger structure (TF 4h), XAN is still maintaining an uptrend because it consistently forms higher lows along the diagonal green trendline (Dynamic Support).
2๏ธโฃ Approaching the Demand Zone: Currently, the price is undergoing a healthy correction and is nearing a strong Demand Zone / Order Block (green box) in the range of 0.008800 - 0.009200.
โ ๏ธ Three Possible Scenarios Ahead:
๐ Scenario A (Rebound): Price receives a strong buy response within the demand zone and bounces upward to continue the bullish trend.
โก Scenario B (Liquidity Sweep / Fakeout): Price deliberately breaks the trendline briefly to trigger retail Stop Losses, then quickly gets pulled up again (forming a long candle tail).
๐ Scenario C (Breakdown): If the demand zone fails to hold and a thick candle closes below 0.008700, then the uptrend structure officially breaks and the trend turns bearish.
Trading Plan: Itโs safer to wait and see for confirmation of a reversal pattern (such as bullish engulfing or a pin bar) on the smaller timeframe (15m/5m) when price enters the green box before deciding on a Long entry.
What do you think, Square friends? Will XAN bounce strongly in this area or will it slump? ๐๐
#OilPriceRises
#writetoearn
