$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.