🚨 $XNY — Bearish Setup | Short Opportunity 📉
$XNY is approaching a potential resistance zone where selling pressure could trigger a pullback. Watch for a liquidity sweep above the previous high before considering additional entries.
📍 Short Entry Zone: 0.00690 – 0.00708
🔄 DCA Strategy: Consider adding only if price wicks above the previous high at 0.00776 and shows signs of rejection.
🎯 TP1: 0.00668
🎯 TP2: 0.00645
🎯 TP3: 0.00618
💰 Final Target: 0.00500 — trail the remaining position to lock in profits.
🛑 Stop Loss: Higher-timeframe candle close above 0.00800.
Wait for confirmation before adding to the position. A wick alone is not a confirmed breakout, and a candle close above 0.00800 invalidates this setup under the stated plan.
⚠️ Always DYOR, manage leverage carefully, and never risk your entire capital on one trade.
Trade 👇🏻
$XNY is approaching a potential resistance zone where selling pressure could trigger a pullback. Watch for a liquidity sweep above the previous high before considering additional entries.
📍 Short Entry Zone: 0.00690 – 0.00708
🔄 DCA Strategy: Consider adding only if price wicks above the previous high at 0.00776 and shows signs of rejection.
🎯 TP1: 0.00668
🎯 TP2: 0.00645
🎯 TP3: 0.00618
💰 Final Target: 0.00500 — trail the remaining position to lock in profits.
🛑 Stop Loss: Higher-timeframe candle close above 0.00800.
Wait for confirmation before adding to the position. A wick alone is not a confirmed breakout, and a candle close above 0.00800 invalidates this setup under the stated plan.
⚠️ Always DYOR, manage leverage carefully, and never risk your entire capital on one trade.
Trade 👇🏻
