📉 $XAN Rejection After Parabolic Spike | Liquidity Grab & Lower High Formation
🔥 Trade Setup (Short Plan)
• Entry: 0.0078 – 0.0081
• Stop Loss: 0.0088
• Take Profit 1: 0.0072
• Take Profit 2: 0.0065
• Take Profit 3: 0.0058
• Leverage: Max 10x ⚠️
After a strong impulsive move upside, price created a sharp spike followed by immediate rejection. Now we are seeing:
• Formation of a local top 🏔️
• Price failing to hold above recent highs
• Small lower highs forming on lower timeframes
• Weak continuation after the pump
🧠 Reason for This Setup (Pure Price Action)
• The recent move looks like a liquidity grab above previous highs 🎯
• Strong rejection wick indicates heavy selling pressure from the top
• Price is now consolidating below resistance → sign of distribution
• No strong bullish continuation after breakout = fake breakout trap ❌
• If price breaks below short-term support, it can trigger fast downside moves
Trade smart. Manage risk. Don’t over-leverage 💡
$XAN
#XAN