🚀 $XPIN | THE STRIKE ⚔️
[ SHORT 🔴 ]
$XPIN is showing signs of resistance stalling after a bounce, signaling a potential reversal. The price attempted to push higher but lacks follow-through, indicating weaker momentum and the presence of sellers at this zone.
🎯 Trading Plan (Short Bias)
Entry Zone: 0.00145 – 0.00155
Stop Loss: 0.00165 (The Line in the Sand)
Take Profit Targets:
• 0.00132 – Initial support test
• 0.00120 – Mid-range pullback
• 0.00108 – Deeper liquidity zone
📊 Market Perspective
Price is hesitating near resistance, showing a classic rejection pattern.
Sellers are absorbing buying pressure, making a short setup favorable.
When momentum fades on retests of resistance, the probability of a rollover increases.
RSI and volume trends suggest that buyers are losing strength, strengthening the short opportunity.
⚠️ Risk Note:
Wait for price confirmation before entering. Avoid chasing moves aggressively. Proper risk management is key. 🛡️
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