$XNY – Extended Rally into Resistance Shows Signs of Overheating



Trade Setup: Short $XNY

• Entry Zone: 0.00630 – 0.00664

• Target 1: 0.00570
• Target 2: 0.00510
• Target 3: 0.00450

• Stop Loss: 0.00710

Price surged aggressively into this supply zone but upward momentum is now visibly decelerating. The expansion has lost its clean structure with each subsequent push showing diminished strength. When a rally becomes stretched and begins to stall near elevated levels it frequently results in a retracement as sellers reenter the market.

Just click trade here 👇 ‌
XNY31,87%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin