#Market_Update #trading #altcoins #crypto
$XNY is showing a strong bullish structure on the 1h chart with consistent higher lows and higher highs. Price has been climbing steadily from the 0.0044 base and recently broke above the 0.0060 resistance area. The Super trend indicator has flipped to bullish support around 0.0057 which confirms that buyers are currently controlling the market. After the recent push toward 0.00635 the price is forming a small consolidation which often happens before another continuation move if momentum remains strong.
Trade setup for $XNY
Entry zone 0.00605 to 0.00615
Take profit 0.00645
Second take profit 0.00675
Stop loss 0.00570
If price holds above the 0.0060 support area the bullish momentum can continue toward the next resistance zone near 0.00645. A breakout above that level may trigger more momentum buying and extend the move higher. However if price falls below 0.00570 the short term bullish structure may weaken and a deeper pullback could happen.#XNY