🔻 $XAN / USDT — SHORT TRADE IDEA
📉 SHORT ENTRY: 0.01300 – 0.01315
🛑 STOP LOSS: 0.01355
🎯 TP1: 0.01270
🎯 TP2: 0.01245
🎯 FINAL TP: 0.01220
$XAN is currently moving lower on the 15M chart after a rejection from the 0.0138-0.0139 area. The price action is weak and is trading below the MA(25), while the RSI is also weak at 39 – indicating that bears are still in control of the situation. A break below the nearest support level is likely to open the door for another wave down.
Trade Plan: We are looking for a confirmation that the price will stay below the 0.01300 level or a rejection from the entry area. After TP1, it might be a good idea to lock some profit and trail the SL.
⚠️ As always, risk management is essential in trading. Do not risk too much on a single trade. DYOR.
📉 SHORT ENTRY: 0.01300 – 0.01315
🛑 STOP LOSS: 0.01355
🎯 TP1: 0.01270
🎯 TP2: 0.01245
🎯 FINAL TP: 0.01220
$XAN is currently moving lower on the 15M chart after a rejection from the 0.0138-0.0139 area. The price action is weak and is trading below the MA(25), while the RSI is also weak at 39 – indicating that bears are still in control of the situation. A break below the nearest support level is likely to open the door for another wave down.
Trade Plan: We are looking for a confirmation that the price will stay below the 0.01300 level or a rejection from the entry area. After TP1, it might be a good idea to lock some profit and trail the SL.
⚠️ As always, risk management is essential in trading. Do not risk too much on a single trade. DYOR.
