Short $XTZ : resistance at 0.2997–0.3008 on the 4H 👀
Sellers need to defend this zone for the down move to stay intact. Watching how price reacts here before deciding my next step.
What I'm seeing:
- 4H price under EMA50 at 0.319, trend favors sellers
- 1H RSI at 37: momentum is neutral, room to roll over
- Daily below EMA200 at 0.306, bigger trend supports the idea
🔴 SHORT · Entry 0.2997–0.3008 · TP 0.2964 / 0.2938 / 0.2899 · SL 0.3066
Break down from here or hold the line?
NFA · DYOR
Sellers need to defend this zone for the down move to stay intact. Watching how price reacts here before deciding my next step.
What I'm seeing:
- 4H price under EMA50 at 0.319, trend favors sellers
- 1H RSI at 37: momentum is neutral, room to roll over
- Daily below EMA200 at 0.306, bigger trend supports the idea
🔴 SHORT · Entry 0.2997–0.3008 · TP 0.2964 / 0.2938 / 0.2899 · SL 0.3066
Break down from here or hold the line?
NFA · DYOR