$XAI
USDT BEARISH BREAKDOWN – SELL PRESSURE DOMINATES!
$XAIUSDT is under intense bearish pressure, with a consistent downtrend visible on the 1H timeframe. After failing to hold above the minor support of 0.0500, it broke down sharply, now consolidating near 0.0484. This signals further downside potential unless a strong reversal volume appears soon.
🔑 Key Levels:
Resistance: 0.0500 – 0.0515
Support: 0.0480 (immediate), then 0.0460
Current Price: 0.0484
📊 Trade Setup (Short):
Entry Zone: 0.0485 – 0.0490
Take Profit 1: 0.0475
Take Profit 2: 0.0460
Stop Loss: 0.0505
💡 Short Market Outlook: The overall trend remains strongly bearish with lower highs and lower lows forming consistently. Momentum is favouring sellers as each attempt to bounce is met with aggressive sell-offs. If 0.0480 fails to hold, expect a swift decline towards 0.0460.
⚠️ Risk Management: Use strict position sizing with max 2-3% wallet exposure per trade and maintain stop-loss discipline to protect capital in case of unexpected reversals.
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