$XCN suggestion

Trigger:

Place a short order when the price closes below 0.3250 USDT on your chosen timeframe (e.g. a 1‑hour or 4‑hour candle). This level acts as a confirmation of the retracement continuing rather than a temporary bounce.

Entry Range:

Consider entering in the zone between 0.3260 and 0.3300 USDT. You may either use a market order once confirmation is provided or a limit order slightly above your desired entry zone if you expect further downward continuation.

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3. Trade Management: Take Profits and Stop-Loss

Take Profit Targets:

Based on support/resistance levels from the technical analysis, you might set multiple exit targets:

Target 1: ≈0.3150 USDT – an immediate price level that has acted as support previously.

Target 2: ≈0.2980 USDT – a further drop where subsequent bounces have been observed.

Target 3: ≈0.2850 USDT – a more aggressive target if the downward trend accelerates.

Stop-Loss Placement:

To protect your trade if the market reverses, place a stop-loss above the entry zone. For example, a stop-loss at approximately 0.3550 USDT is suggested. This level should be based on a recent resistance area or a moving average that is acting as a ceiling.

Target 1:

• Set an initial profit target at the next identified support level—for instance, around 0.1350 USDT. This level might have previously acted as a bounce point on a lower timeframe.

Target 2:

• Set a secondary target further down, perhaps near 0.1200 USDT, where historical swing lows or Fibonacci extensions suggest potential congestion or a reversal.

Target 3 (Optional):

• For a more aggressive approach, consider a third target (for example, around 0.1050 USDT) if the bearish momentum sustains, keeping in mind that deeper targets come with increased risk