XANUSDT.P: short setup from daily support at 0.0990

4 days ago

XANUSDT.P is at its all-time low.
The price recently tested this level cleanly, which confirms its relevance.
All that remains is to wait for one's own entry point.

Key factors for this scenario

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Asset decoupled from the market (relative strength/weakness vs. BTC)
  
• Volatility contraction on approach
  
• Immediate retest
  
• No reaction after a false break
  

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4 days ago

Note

XANUSDT.P is gradually approaching the level.
Overall, I like the character of the price action: the consolidation and the close re-tests on the lower timeframe.
The asset is squeezing tighter and tighter against the level.

3 days ago

Note

XANUSDT.P: A false breakout occurred on high volatility. For me, there was no entry point.
Continuing to wait.

2 days ago

Note

I see that XANUSDT.P has reversed and moved upwards, but I will not cancel the short scenario until the upper boundary of the channel the asset is in is broken.
After all, only a breakout of the resistance level will be a signal for a new analysis.
For now, I continue to consider it for a short.