$XTZ /USDT Short Trade Setup (15-Minute Chart)

Right now, the price of XTZ is around 0.6193. It went up to 0.6500 but could not stay there. After touching 0.6500, the price quickly dropped, which means sellers are getting stronger. The red candles are big and the volume is also high, showing strong selling pressure.

Trade Idea: Sell (Short)

Sell between 0.6180 to 0.6200

First Target: 0.6020

Second Target: 0.5890

Third Target: 0.5740

Stop Loss: 0.6315

What the Chart Shows

XTZ tried to go up but failed. After that, many people started selling. The price is making lower highs and lower lows now, which means a downtrend. The moving averages are also turning down. The red box on the chart shows the next area where the price might go — between 0.6020 and 0.5890.

How to Manage the Trade

If your sell order works at 0.6190 and price hits 0.6020, you can move your stop loss to break even (your entry).

If the price suddenly goes back up to 0.6250, wait and don’t trade until you see another sign of falling.

For extra safety, wait for the price to fall below 0.6150 and close a red candle before selling.

In Short

XTZ tried to go higher but failed. Sellers are now stronger, and the price may fall to 0.6020 or even lower. This is a good chance to enter a short trade with low risk and clear targets.

Trade here on $XTZ