Heavy sell-side pressure has hit $XAN , with a massive 13x volume spike signaling that smart money may be distributing rather than panic selling. The bearish structure remains intact, and price could be targeting liquidity below the recent swing low at 0.011092.
A relief bounce into the 0.011520–0.011841 zone may provide the best short opportunity. Wait for clear bearish confirmation, such as a bearish engulfing candle, lower high, or pin bar rejection on the 1m or 5m timeframe before entering. Downside targets remain 0.011325 and 0.011126, while a stop-loss above 0.011906 or the latest manipulation wick helps manage risk.
If price drops directly into 0.011092, avoid chasing. Instead, look for a strong bullish reversal pattern before considering a quick scalp toward 0.011325–0.011490. The overall trend remains bearish unless $XAN reclaims and holds above 0.012000 with strong buying volume.
#Crypto #Binance #Altcoins #CryptoTrading #TradingSignals $XAN
A relief bounce into the 0.011520–0.011841 zone may provide the best short opportunity. Wait for clear bearish confirmation, such as a bearish engulfing candle, lower high, or pin bar rejection on the 1m or 5m timeframe before entering. Downside targets remain 0.011325 and 0.011126, while a stop-loss above 0.011906 or the latest manipulation wick helps manage risk.
If price drops directly into 0.011092, avoid chasing. Instead, look for a strong bullish reversal pattern before considering a quick scalp toward 0.011325–0.011490. The overall trend remains bearish unless $XAN reclaims and holds above 0.012000 with strong buying volume.
#Crypto #Binance #Altcoins #CryptoTrading #TradingSignals $XAN