$XTZ /USDT – Strong Downtrend. Short Trade Idea
Current Price: $0.7161
Today’s Gain: +8.58%
Volume: 14.44 Million XTZ
Category: Layer 1 / Layer 2
Why Sell XTZ Now?
XTZ is falling fast after touching $0.7585. Price is making lower highs and lower lows. Sellers are in control on the 5-minute chart. If this continues, the price can fall more.
Price Levels to Watch:
Resistance: $0.7250 and $0.7350
Support: $0.7100 and $0.7000
Trade Plan (Sell Setup):
Sell Between: $0.7160 – $0.7190
Stop Loss: Above $0.7250
Target 1: $0.7100
Target 2: $0.7000
Target 3: $0.6900
Summary:
$XTZ is in a clear downtrend with sellers pushing price lower. If price stays below $0.7200, more downside is possible. Short-term traders can consider sell trades with proper risk management.