tezosanalysis
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Are you shorting $XTZ with me? The trade is in pretty safe position and retested successfully. Candles are below the SMA line. Now waiting to claim profit! #XTZ/USDT #TezosAnalysis
$XTZ /USDT BEARISH SHORT SETUP
$XTZ is trading below all key moving averages, with MA(7) < MA(25) < MA(99), confirming a sustained downtrend. RSI(6) hovering near 40 suggests weak momentum with further downside potential before reaching oversold conditions. Recent candles show consistent rejection from the 0.6160–0.6300 resistance zone, reinforcing bearish sentiment.
A breakdown below the 0.5900 support could accelerate selling pressure.
ENTRY (SHORT): Below 0.5900
TP1: 0.5750
TP2: 0.5600
SL: Above 0.6100
RISK MANAGEMENT: Risk only 1-2% per trade and trail stop after TP1 is hit to protect profits.
#TezosAnalysis #CryptoTA #BearishSetup #AltcoinWatch #PriceActionTrading $XTZ
$XTZ is trading below all key moving averages, with MA(7) < MA(25) < MA(99), confirming a sustained downtrend. RSI(6) hovering near 40 suggests weak momentum with further downside potential before reaching oversold conditions. Recent candles show consistent rejection from the 0.6160–0.6300 resistance zone, reinforcing bearish sentiment.
A breakdown below the 0.5900 support could accelerate selling pressure.
ENTRY (SHORT): Below 0.5900
TP1: 0.5750
TP2: 0.5600
SL: Above 0.6100
RISK MANAGEMENT: Risk only 1-2% per trade and trail stop after TP1 is hit to protect profits.
#TezosAnalysis #CryptoTA #BearishSetup #AltcoinWatch #PriceActionTrading $XTZ
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