$XAN latest market update đ
Long/Short: Short
Entry: 0.01107â0.01117
Stop loss: 0.01133
Targets: 0.01100/0.01089/0.01072
Analysis rationale: Haha, XANâs price action is basically performance artâthose two EMA lines are right up against each other as they cross and pierce downward. Itâs like 0.01 vs 0.01, and in the short term and long term itâs doing this stacking-rods-with-rods thing. The MACD bearish cross is at least honest, but the RSI at 51.6 just hangs there trying to look neutral. The downtrend for the shorts is moving like constipationâdrops two steps and then still turns back to look at the wind. Now itâs at 0.011105, and the distance to the stop loss at 0.011328 is basically one quick hit on the accelerator. Chasing shorts? Thatâd probably be handing the broker fee to the house.
This kind of choppy, frustrating market is like this: it doesnât really fall like a proper downtrend and it doesnât really bounce like a real reboundâitâs exactly like you watching charts at midnight until your eyelids start fighting each other. Donât rush to add to your position: either wait for it to break down cleanly, then follow; or just watch this bearish cross slowly rot away. Anyway, a range-bound âpump and dumpâ display isnât short of an audience.
Risk warning: Recommended stop-loss level: 0.011328. Please adjust your position size according to your own risk tolerance.
#XAN
Long/Short: Short
Entry: 0.01107â0.01117
Stop loss: 0.01133
Targets: 0.01100/0.01089/0.01072
Analysis rationale: Haha, XANâs price action is basically performance artâthose two EMA lines are right up against each other as they cross and pierce downward. Itâs like 0.01 vs 0.01, and in the short term and long term itâs doing this stacking-rods-with-rods thing. The MACD bearish cross is at least honest, but the RSI at 51.6 just hangs there trying to look neutral. The downtrend for the shorts is moving like constipationâdrops two steps and then still turns back to look at the wind. Now itâs at 0.011105, and the distance to the stop loss at 0.011328 is basically one quick hit on the accelerator. Chasing shorts? Thatâd probably be handing the broker fee to the house.
This kind of choppy, frustrating market is like this: it doesnât really fall like a proper downtrend and it doesnât really bounce like a real reboundâitâs exactly like you watching charts at midnight until your eyelids start fighting each other. Donât rush to add to your position: either wait for it to break down cleanly, then follow; or just watch this bearish cross slowly rot away. Anyway, a range-bound âpump and dumpâ display isnât short of an audience.
Risk warning: Recommended stop-loss level: 0.011328. Please adjust your position size according to your own risk tolerance.
#XAN