$XNY 🚀 $XNY: Is the Bottom In or Is More Pain Coming? 📉
The market is bleeding, but $XNY is reaching a massive "Make or Break" zone! I’ve been watching the 15m chart, and here is exactly what I’m seeing right now. 👇
🔍 Technical Breakdown:
Price Action: We just hit a low of 0.004224, coming off a rejection at the 0.0050 psychological level.
RSI (6): Sitting at 23.25—we are officially in Oversold territory. Historically, this is where relief bounces begin.
Stoch RSI: Showing a "Golden Cross" at the bottom (6.86). This is a strong signal that the selling pressure is exhausting.
MACD: Still bearish, but the red bars are starting to fade. We need a crossover to confirm the reversal.
🎯 My Trade Setup:
🟢 Aggressive Entry: 0.00425 - 0.00430 (Current Zone)
🛡️ Conservative Entry: Wait for a reclaim of 0.0045.
🚀 Targets: 1. 0.00465 (Short-term scalp)
2. 0.00500 (Major Resistance)
3. 0.00550 (Breakout Zone)
🛑 Stop Loss: Below 0.00415 (If we lose this, we might see 0.0038).
💡 The Verdict:
The volume is high (4.12M USDT in 24h), and we are hugging the support line. If the bulls can hold 0.0042, we are looking at a classic "Double Bottom" reversal.
Are you BULLISH or BEARISH on XNY today? Let me know in the comments! 👇
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