$XAI at a crossroads...
The husband moves inside a descending triangle on the clock frame, and has started pressing hard on the support level around 0.01590 — a level from which the price has bounced back multiple times.
But this time the situation is different:
- RSI is approaching the oversold zone
- We are nearing the 100-day moving average, which often forms a floor for rebounds
- The pace of decline has started to slow down = potential for an upcoming bullish momentum
Entry plan: 0.01653
Potential targets:
- 0.01750
- 0.01790
Stop loss: just below 0.01590
⚠️ This kind of pattern either delivers a strong breakout or a sudden breakdown, so risk management is essential here.
XAIUSDT
Perp
0.01591
-7.17%