🚨 XTZUSDT.P SHORT OPPORTUNITY 🚨
Tezos (XTZ) is showing bearish signals! Here’s why this trade setup is compelling:
📊 Trade Setup
- Entry Zone: 1.14–1.15(Key resistance area)
- Targets: 0.98–0.94(Next strong support levels)
- Stop Loss: 1.18 (Above recent swing high)
🔍 Key Rationale*
1. Resistance Rejection:
- XTZ has repeatedly struggled at the 1.14–1.15 zone, a historical supply area where sellers dominate .
- A descending broadening wedge suggests potential downside continuation .
2. Technical Weakness:
- Oscillators show neutral-to-sell signals, with RSI and MACD lacking bullish momentum .
- Moving averages (EMA/SMA) indicate bearish pressure if price fails to hold above 1.15 .
3. Support Breakdown Risk:
- A drop below 1.00 could accelerate toward 0.94, aligning with Fibonacci retracement levels .
⚡ Risk Management
- Stop Loss: Tight at 1.18 to limit downside if the breakout reverses.
- Position Size: Risk ≤2% of capital.
- Confirmation: Wait for lower timeframe breakdown below 1.12 for added conviction .
🎯 Why This Trade?
- High-probability rejection at resistance.
- Clean risk/reward (~3:1 ratio).
- Tezos’ weak momentum supports bearish bias .
📌 Pro Tip: Monitor order flow—large sell orders (~80K XTZ) have recently appeared near 1.15 .
📉 Bearish Scenario Playbook
- IF price holds below 1.12, add shorts with partial TP at 1.00.
- IF stop loss hits, reassess for a potential long if 1.18 breaks with volume .
🔥 Boost if you agree! Comment your take below.