Spot Journal $XNY (Stealth Box Floor-Test & Reclaim): 2-Tranche Plan 1D
Price $XNY has moved at $0.00691 after the confirmation of a support floor test.
Price has completed a floor test sweep (Spring/Double-Bottom) with sell volume drying up, followed by a green Reclaim candle (0.42x the average) that confirms supply absorption at the bottom of the box.
2-Tranche Execution Plan:
• Tranche 1 (Floor Test & Reclaim): Area $0.00667 - $0.00691
• Tranche 2 (Scale-In Confirmation): Second floor test at $0.00667 OR breakout through the consolidation ceiling above $0.00725
Risk limit is set at the close of the 1D candle below $0.00647. The main structural target is at the 30-day peak ($0.00821, RRR 4.4:1) to unwind half the position into USDT, while the remaining coins are left to run toward $0.0136.
$XNY #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Independent technical research and risk management journal for spot (DYOR).
Price $XNY has moved at $0.00691 after the confirmation of a support floor test.
Price has completed a floor test sweep (Spring/Double-Bottom) with sell volume drying up, followed by a green Reclaim candle (0.42x the average) that confirms supply absorption at the bottom of the box.
2-Tranche Execution Plan:
• Tranche 1 (Floor Test & Reclaim): Area $0.00667 - $0.00691
• Tranche 2 (Scale-In Confirmation): Second floor test at $0.00667 OR breakout through the consolidation ceiling above $0.00725
Risk limit is set at the close of the 1D candle below $0.00647. The main structural target is at the 30-day peak ($0.00821, RRR 4.4:1) to unwind half the position into USDT, while the remaining coins are left to run toward $0.0136.
$XNY #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Independent technical research and risk management journal for spot (DYOR).