$XAN
The market printed a long liquidation at $0.01086, signaling that leveraged buyers were forced out during a downside sweep. This event typically clears weak hands and allows price to either stabilize or continue trending downward if demand fails to appear. Current structure shows price still respecting a descending channel with strong resistance above.
EP: $0.01070 – $0.01085
TP1: $0.01020
TP2: $0.00980
TP3: $0.00940
SL: $0.01120
The broader trend remains bearish as price continues to trade below its key short-term resistance zone. Momentum is weak and unable to produce higher highs after the liquidation event. Liquidity clusters remain below $0.01020, making downside continuation statistically favored.
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