$XVS Rejection from Spike High ๐
Market Overview: $XVS has seen a strong rejection after spiking to higher levels. Sellers are stepping in, and weโre likely to see further pullback unless bulls regain control. Watch out for volatility as price continues to test key levels.
๐ Key Support & Resistance:
Support: 3.36, 3.22, 3.08
Resistance: 3.74 (Key level to watch for breakout)
๐ Pro Tips for Traders:
Short-Term (MD): With rejection from the spike high, a retest of the support zones around 3.36โ3.22 is possible. Consider entering on a bounce or break below for short positions.
Long-Term (LT): If $XVS breaks above resistance (3.74), a bullish rally could follow. Watch for trend reversal signs if price holds above key support levels.
๐ก Trade Targets:
Entry: 3.48โ3.62
TP1: 3.36
TP2: 3.22
TP3: 3.08
SL: 3.74
Stay alert and manage risk well. Don't chase green candles โ always wait for clear entry points! ๐
#CZAMAonBinanceSquare #USPPIJump #WhoIsNextFedChair #MarketCorrection #FedHoldsRates