š What's the Story? š
#XPIN had a massive pump recently, rocketing higher! But as often happens, gravity kicked in. The price hit a wall and has pulled back significantly. Now, it's chopping sideways near the lows of this pullback.
The Big Picture (4H, 1H): Shows the big pump and the subsequent sharp drop. The momentum has clearly shifted from bullish to
#bearish in the short-to-medium term.The Now Picture (15M, 5M): We see a clear downtrend forming after the peak. The price is currently stuck in a tight consolidation ('bear flag') near the lows, looking weak and struggling to bounce.
š¤ What's the Play?
The path of least resistance looks downwards. The bounce attempts are weak, and the overall pressure seems to be from sellers. We're looking for this consolidation to break down and the downtrend to continue.
$XPIN-USDT Trade Setup
SHORT š
Entry: 0.00795 ā 0.00785
(Wait for a confirmed breakdown below the current 5m/15m consolidation)
Take Profit 1: 0.00770
Take Profit 2: 0.00750
Take Profit 3: 0.00730
Stoploss: 0.00815
Reason: Clear bearish reversal after a pump ("M-top"), confirmed by an active downtrend on lower timeframes. Current consolidation ('bear flag') signals likely continuation downwards.
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