$XPIN - SHORT Setup
Entry: 0.00210 – 0.00220 (On a rejection after retesting the breakdown level/resistance zone)
Target 1:0.00200
Target 2:0.00190
Stop Loss:0.00230 (Above the key swing high)
My View:
XPIN is in a severe downtrend,down nearly 59% in 90 days. The price has collapsed and is now in a state of weak consolidation near the lows. The bounce from the $0.002027 low is extremely weak and is merely a dead cat bounce within a violent downtrend. The volume confirms selling pressure. The chart shows a clear breakdown. The only logical play in this context is to short any retracement into the newly formed supply zone. The $0.00210–$0.00220 area represents the first major hurdle for any recovery and is the optimal zone for a high-probability short entry targeting new lows.
Bias: Extremely bearish below $0.00220. A recovery above $0.00230 is needed to stop the decline.
Disclaimer:High risk. My plan. Not advice. Trade your own risk.
