$XAN – BOUNCE INTO RESISTANCE, WEAK MOMENTUM SHORT SETUP

#XAN is currently retesting a resistance zone, but the price action is showing signs of exhaustion and weak follow-through, suggesting a potential rejection scenario.

TRADE PLAN – SHORT IDEA

Entry Zone: 0.0078 – 0.0082

Stop Loss: 0.0087

TARGETS

TP1: 0.0072

TP2: 0.0065

TP3: 0.0058

MARKET STRUCTURE

Price has moved back into resistance without strong bullish momentum, showing hesitation rather than breakout strength. This often indicates that sellers are still active at higher levels.

OUTLOOK

If resistance continues to hold, a rejection and downside continuation becomes likely. However, a break and hold above 0.0087 would invalidate the bearish view and suggest renewed bullish strength.