🚀 Trading Signal: $XNY /USDT (Perpetual)
The chart shows a significant rejection from the recent high of 0.005760. After a sharp pump, we are seeing a corrective phase. Price is currently testing a support zone, but the momentum is leaning bearish in the short term as evidenced by the red candles and the lower sell volume ratio (63.04%).
📉 Trade Setup: Short Position (Scalp)
We are looking for a continuation of the downward move toward the next liquidity zone.
Entry Price: 0.005373 - 0.005400
Take Profit 1 (TP1): 0.005280 (Safe target)
Take Profit 2 (TP2): 0.005150 (Major support)
Stop Loss (SL): 0.005550 (Above the recent lower high)
🔍 Technical Analysis Highlights:
Resistance: Strong rejection at the 0.005760 level.
Trend: The 15m chart shows a breakdown below the moving average (AVL).
Market Sentiment: The order book shows high selling pressure (63.04% Short vs 36.96% Long).
Risk Management: Use 3x - 5x leverage max.
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