$XNY SIGNAL ALERT đ´â¨ď¸â¨ď¸â¨ď¸
đ´ SHORT ENTRY : 0.0201122 or current price
đŻ TP1: 0.0192395
đŻ TP2: 0.0185598
đŻ TP3: 0.0177758
đŻ TP4: 0.0164826
đť SL: 0.0215089
$XNY USDT is currently forming a Head & Shoulders pattern on the 15-minute chart â a well-known bearish reversal setup. The left shoulder and head are complete, and the right shoulder is taking shape. If price fails to break above the shoulder resistance and closes below the neckline, it could confirm the breakdown, paving the way for a sharp decline toward lower targets.
đ Analysis:
⢠Pattern development is underway â neckline support is the key level to watch.
⢠MACD is losing bullish momentum, hinting at a potential shift toward sellers.
⢠RSI at 56.05 is in neutral territory, leaving ample room for a downward move.
⢠Price is consolidating near trendline support â a break could accelerate the move.
đ Trader Guidance:
⢠No rush â wait for confirmation with a decisive candle close below the neckline.
⢠Keep risk tight; invalidation is above the right shoulder.
⢠If confirmed, aim for staged profit-taking at each TP level.
⢠Volume expansion during breakdown would validate the trade.
This could soon turn into a textbook H&S breakdown with -15% potential if it plays out.
DYOR
Follow me
dr_mt
