$XPT/USDT SHORT TRADE SETUP
$XPT is currently trading at 2144,77, showing significant weakness after a sharp breakdown from its recent local peaks. The price action indicates a strong bearish momentum, with the asset currently situated well below its 50-day moving average of 2521,79. Technical indicators across multiple timeframes, including the MACD at -119,15 and a 14-day RSI of 33,09, confirm a "Strong Sell" signal as the market shows a lack of buying interest near current levels. Recent support breakdowns suggest momentum is slipping fast, potentially leading to further downside testing.
Target Points
TP1: 2.102,40 (Immediate support level based on recent pivot analysis)
TP2: 2.045,00 (Secondary psychological support zone)
TP3: 1.936,85 (Extended target near long-term Fibonacci support)
Stop Loss
Set stop loss above 2.285,00 to manage risk against a potential relief bounce or a retest of the 20-day moving average.
Buy and Trade here on $XPT
