đ $XAN đ˝đđđđđđđđđđđĄđźđ: đđźđžđż đđđđđđđźđ [đđđđ] âŹď¸
âTrading Thesis: XAN has been in a sustained downtrend from its 24-hour high of 0.02340, correcting towards its current price of 0.02077. The price is now sitting near the 24-hour low of 0.01979, showing signs of a potential short-term reversal as downward momentum slows. This sets up a LONG mean-reversion trade back to the short-term averages.
âDirectional Bias: LONG
âđ What the Chart is Telling Us:
âMACD Bullish Crossover: The MACD is negative (0.00004), but the DIF (-0.00060) has just crossed above the DEA (-0.00064). This bullish crossover is a strong early signal that the momentum is shifting back to the upside.
âEMA Compression: The price is trading below the EMA(7) (0.02107) and EMA(25) (0.02181). However, the tight proximity of the price to these averages suggests a launch point for a quick move above them.
âSupport Test: The price has successfully tested and bounced from the 24-hour low of 0.01979, indicating that this area is holding as a strong short-term support base.
âMy High-Conviction Trading Thesis (LONG Bias): The confirmed bullish MACD crossover overrides the short-term price pressure. XAN is ready for a reversal and re-test of the EMA cluster, making this a strategic long entry point.
âđ ď¸ The Trade Plan (Detailed List)
âEntry Zone: Initiating the position immediately, leveraging the MACD crossover signal, near the current price around $0.02070 - $0.02080.
âCritical Stop: Set just below the 24-hour low at $0.01950. A close below the 0.01979 low invalidates the bullish reversal thesis.
âTarget 1 (T1): The immediate target is the first resistance at the EMA(7) level, near $0.02115.
âTarget 2 (T2): A clean break above T1 targets the stronger resistance at the EMA(25) level, with a profit objective around $0.02185.
âHow high will XAN rally now that the MACD has crossed bullish? Drop your price! đ
