$XNY /USDT โ Big Bounce, But Resistance Ahead!
$XNY just made a strong bounce ๐ from 0.00334 after sweeping the lows. The move was fast and aggressive, pushing price all the way near 0.00519.
But hereโs the catchโฆ this area sits right around the 4H EMA 99 resistance, which often acts like a ceiling. When price rallies this quickly, the market usually pulls back first to fill the imbalance below.
So instead of chasing the pump, smart traders may look for a short-term pullback trade.
๐ด SMART MONEY SHORT SETUP
Entry: 0.004970 โ 0.005050
Stop Loss: 0.005255
Take Profit:
๐ฏ TP1: 0.004780
๐ฏ TP2: 0.004550
Trade$XNY
๐ก Why This Trade Works
Liquidity Sweep: Price grabbed buy stops near 0.00519 before showing rejection.
Resistance Zone: 4H EMA 99 acting as strong resistance.
FVG Magnet: A large imbalance below around 0.0045โ0.0047 could attract price for a pullback.
โ ๏ธ Watch Out
High volatility coin โ wicks and fake moves are possible.
If price holds above 0.00520, the short idea may become invalid.
๐ญ Fun Thought:
โXNY sprinted up the stairs ๐โโ๏ธโฆ but markets usually take the elevator down before deciding the next move.โ ๐๐