It took $XAI 24 hours to knock down 21 points—starting from 0.0119 and driving all the way to 0.0088, with turnover of 99.4M—this isn’t wash trading; someone is really running.
My bias: for the short term, still slightly bearish, but don’t chase short near the 0.0088 low. It’s too close to the 24h low—chasing in just provides fuel for a rebound.
Key levels: focus on two. Below 0.0088 is the final stop-loss line. If the daily candle closes with its body below it, the next level is directly 0.0075, and there isn’t much support in between. Above 0.0095 is the rebound resistance of this sharp selloff—if it can’t reclaim it, then the drop is still in a continuation phase.
The trading logic is simple: if you want to play the rebound, wait for a volume-backed stop-loss signal to appear around 0.0088, then try a small position. Set the stop-loss below 0.0085. If it breaks, get out immediately—don’t hold and hope. If you want to short with the trend, wait for the rebound to reach around 0.0095 before entering; it’s much more comfortable than shorting aggressively right now.
At 0.0088, both bulls and bears must keep a close watch. If it holds, there’s a chance—if it breaks, don’t fantasize.
My bias: for the short term, still slightly bearish, but don’t chase short near the 0.0088 low. It’s too close to the 24h low—chasing in just provides fuel for a rebound.
Key levels: focus on two. Below 0.0088 is the final stop-loss line. If the daily candle closes with its body below it, the next level is directly 0.0075, and there isn’t much support in between. Above 0.0095 is the rebound resistance of this sharp selloff—if it can’t reclaim it, then the drop is still in a continuation phase.
The trading logic is simple: if you want to play the rebound, wait for a volume-backed stop-loss signal to appear around 0.0088, then try a small position. Set the stop-loss below 0.0085. If it breaks, get out immediately—don’t hold and hope. If you want to short with the trend, wait for the rebound to reach around 0.0095 before entering; it’s much more comfortable than shorting aggressively right now.
At 0.0088, both bulls and bears must keep a close watch. If it holds, there’s a chance—if it breaks, don’t fantasize.
