🚀 $XNO Breakout or Retracement?

🔹 Bullish Setup:

📈 Entry: $1.09 - $1.10 (Buy on dips)

🎯 TP1: $1.12

🎯 TP2: $1.15

🛑 SL: $1.07

✅ Confirmation: Holding above $1.09 with increasing volume

🔻 Bearish Setup:

📉 Entry: $1.10 - $1.11 (Short if rejection confirmed)

🎯 TP1: $1.08

🎯 TP2: $1.06

🛑 SL: $1.12

✅ Confirmation: Rejection near $1.11 with declining momentum

📌 Key Insights:

$XNO is up +1.11%, but retracing from the $1.13 high.

RSI 31.21, approaching oversold territory, suggesting a possible bounce.

MACD showing weakening momentum, indicating potential further retracement.

📊 Trading Plan:

Look for a volume spike to confirm breakout or rejection.

Move SL to breakeven if TP1 is hit.

If shorting, wait for clear rejection before entry.

📢 Your Turn!

Will $XNO continue its uptrend or pull back further? Share your thoughts! 🚀📉🔄

DYOR 📌