$XEC has rejected sharply from 0.00002161, with sellers stepping in hard. Price is now hovering at 0.00002074, showing clear downside momentum — a perfect setup for a short trade. ⚡
📌 Trade Setup (Short):
Entry Zone: 0.00002070 – 0.00002080
🎯 Targets:
TP1: 0.00002060
TP2: 0.00002040
TP3: 0.00002020
❌ Stop-Loss: 0.00002130 (above recent resistance to limit risk)
📊 Key Technical Levels:
Resistance Zone: 0.00002130 – 0.00002161 (strong rejection area)
Support Levels: 0.00002060 → 0.00002040 → 0.00002020
Breakdown Trigger: Price closing below 0.00002060 signals deeper downside
🔎 Market Analysis:
✅ Multiple rejections at 0.00002161 confirm bearish pressure
✅ Momentum clearly favors sellers
✅ A clean break below 0.00002060 could accelerate a drop toward 0.00002020
⚡ Bias: Bearish – Sellers are in control, with downside continuation likely if support cracks.
🚨 Pro Tips:
Watch volume spikes at support and resistance for confirmation
Keep stop-loss tight to manage risk
Follow the price structure for potential extension of short targets
💡 Summary: $XEC is forming a classic bearish continuation setup. Entry near 0.00002070–0.00002080 with targets down to 0.00002020 offers a high-probability trade for momentum traders.
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