🔥💯 $XEC /USDT — Short Bias Active
XEC made an early push higher but couldn’t sustain prices at the upper zone, leading to a clear rejection and the formation of lower highs. Following that failure, selling pressure increased and the structure turned fragile. Price is now hovering near intraday support, yet momentum appears drained and buyers are unable to reclaim the prior range. While price remains capped below the recent rejection area, downside pressure stays in control.
This favors continuation to the short side unless a decisive reclaim occurs. Any brief bounce into resistance currently looks more like a sell-the-rally opportunity rather than a true reversal.
Trade Plan (Short):
Entry: 0.00001245 – 0.00001260
🎯 Target 1: 0.00001220
🎯 Target 2: 0.00001195
🛑 Stop Loss: 0.00001285
Short Bias:
Structure remains weak and the outlook stays bearish below resistance. Further downside is likely unless price reclaims and holds above the rejection zone.
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