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#XAN Market Update📈
The rally has been moving upward consistently, but it's started to stall and get stuck at this level⚠️
Trading Strategy: Short $XAN
- Entry: 0.0106 – 0.0110
- Stop Loss: 0.0118
- First Target: 0.0098
- Second Target: 0.0090
Quick breakdown of the logic👇
This uptrend has been going on for quite a while, but the upward momentum is clearly weakening now with the price action becoming choppy and less smooth.
Although the bulls are still holding on, their strength is diminishing. Price is grinding around resistance without a decisive upward move.
Short-side capital is slowly returning. Once the uptrend stalls and buying pressure weakens, a pullback is highly likely📉
Short bias in the short term, just execute the plan and manage your risk well✅
Trade here👇
$XAN