XTZ/USDT Short Setup: Momentum Turning Bearish! 📉⚡

🔹 Entry: $0.560 - $0.575

🎯 Target 1: $0.545

🎯 Target 2: $0.530 (Major Support)

🛑 Stop Loss: $0.595

Technical Analysis:

XTZ has faced a strong rejection at the $0.604 resistance level. After a massive rally, the daily chart is now showing exhaustion, and the price is starting to form red candles, indicating a short-term bearish reversal.

Key Observations:

1. Rejection: The price failed to close above the $0.60 psychological level.

2. Downward Pressure: We are seeing a pullback toward the previous breakout zone.

3. Profit Taking: Traders are locking in gains, which could drive the price down to the $0.53 support area.

Caution: Always manage your leverage in short positions. If the price manages to break above $0.60 again, this setup will be invalidated.

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