Guys, short setup active on $XNY now! 📉
🎯 Trade Setup:
Leverage: 20x
Entry Zone: CMP
Take Profit: $0.007600
Stoploss: $0.009300
📊 Detailed Technical Analysis:
RSI Overbought Alert: The RSI on the 1-Hour timeframe has touched the 76+ level, clearly indicating that the coin is heavily overbought and a quick pullback/drop is highly likely.
Strong Rejection: A long upper wick formed at the $0.008929 high, showing heavy selling pressure at that level and an inability for the price to hold higher.
Buying Momentum Loss: The distance from the MA(7) and the slowing MACD histogram indicate that buyers are losing strength and sellers are stepping into the market.
Make your move 🐻 $XNY
📌 Smart Traders Note: Volatility = Opportunity! Smart traders always manage risk before taking entries. Check setup & trade wisely!
🎯 Trade Setup:
Leverage: 20x
Entry Zone: CMP
Take Profit: $0.007600
Stoploss: $0.009300
📊 Detailed Technical Analysis:
RSI Overbought Alert: The RSI on the 1-Hour timeframe has touched the 76+ level, clearly indicating that the coin is heavily overbought and a quick pullback/drop is highly likely.
Strong Rejection: A long upper wick formed at the $0.008929 high, showing heavy selling pressure at that level and an inability for the price to hold higher.
Buying Momentum Loss: The distance from the MA(7) and the slowing MACD histogram indicate that buyers are losing strength and sellers are stepping into the market.
Make your move 🐻 $XNY
📌 Smart Traders Note: Volatility = Opportunity! Smart traders always manage risk before taking entries. Check setup & trade wisely!