Most traders are positioned for upside on $XNY /USDT — but the structure tells a different story.
$XNY – SHORT
Trade Plan:
Entry: 0.005005 – 0.005111
SL: 0.005379
TP1: 0.004737
TP2: 0.004630
TP3: 0.004416
Why this setup?
The 4H chart is signaling distribution, not continuation. Price keeps rejecting near local resistance while failing to print higher highs. Lower timeframes show fading strength — 15m RSI hovering around 42 indicates momentum is leaning bearish.
Daily range compression suggests liquidity is building for a directional move, and breakdown probability increases while price remains below 0.00511. The key reaction zone sits near 0.005058 — acceptance below favors continuation to TP1.
Debate:
Is this quiet consolidation just liquidity loading before a sweep down to 0.004737?
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