I’m looking at $XUSD /USDT on the 15m chart, and the short-term structure looks weak. Price is sitting at 1.0001, below both MA(7) and MA(25) around 1.0002, while MA(99) is higher near 1.0004. The latest candle also pushed down to 1.0000.
For me, 1.0000 is the key level because it’s the visible 24h low and the recent candle wick tested it. I’d like to see price stay below 1.0002 and retest that area without reclaiming it before considering the setup attractive.
📍 Entry: 1.0001–1.0002
🎯 TP1: 1.0000
🛑 Invalidation: 1.0003
The main issue is that 1.0000 has already produced a reaction, so chasing a short directly into that level carries risk. The visible volume also increased on the latest red candle, but I wouldn’t treat that alone as confirmation.
If price loses 1.0000, I’d look for continuation, but the chart doesn’t provide a clearly justified lower target, so I wouldn’t invent one.
I’m waiting for a clean rejection around 1.0002 or a decisive move through 1.0000 before getting more confident.
For me, 1.0000 is the key level because it’s the visible 24h low and the recent candle wick tested it. I’d like to see price stay below 1.0002 and retest that area without reclaiming it before considering the setup attractive.
📍 Entry: 1.0001–1.0002
🎯 TP1: 1.0000
🛑 Invalidation: 1.0003
The main issue is that 1.0000 has already produced a reaction, so chasing a short directly into that level carries risk. The visible volume also increased on the latest red candle, but I wouldn’t treat that alone as confirmation.
If price loses 1.0000, I’d look for continuation, but the chart doesn’t provide a clearly justified lower target, so I wouldn’t invent one.
I’m waiting for a clean rejection around 1.0002 or a decisive move through 1.0000 before getting more confident.
