$XNY USDT has delivered a sharp V-reversal from 0.00479 demand, expanding impulsively into 0.00595 supply before entering a controlled pullback phase. Price now consolidates around 0.0056–0.0057, holding above the reclaimed breakout pivot near 0.0055. Structure remains constructive with higher-low formation after the momentum leg.
Market Overview:
Intraday bias is bullish while XNY sustains above 0.0055. The rally reclaimed prior distribution and shifted order flow upward, with current retrace appearing as profit-taking rather than rejection. Compression below 0.0059 suggests absorption ahead of another liquidity test toward 0.0060–0.0063. Loss of 0.0055 would weaken momentum and expose 0.0052 support.
Trade Plan:
EP: 0.00552–0.00568 pullback zone
TP: 0.00612 first objective, 0.00648 extension
SL: 0.00518 below structure support
Outlook:
Holding above 0.0055 keeps continuation potential active with probability favoring a retest of 0.00595 highs. Acceptance above that level confirms range expansion toward mid-0.006s. Failure back below 0.0055 shifts bias into deeper retrace. This remains a post-reversal continuation setup with buyers defending reclaimed breakout structure.
