$XNY presses into a prior supply pocket as shorts watch for rejection 🔻
Entry: 0.00785–0.00805 🔥
Target: 0.00745 / 0.00720 / 0.00685 / 0.00655 🚀
Stop Loss: 0.00835 🛡️
$XNY is trading directly into a historically significant supply zone that has already been identified on the chart, with the trade thesis centered on whether price can absorb overhead offers or stall on first contact. The preferred setup is a sweep toward 0.0080 followed by rejection, which would suggest seller control remains intact and that upside liquidity has been fully harvested before mean reversion begins.
The market is likely underestimating how often these moves are driven by liquidity engineering rather than momentum continuation. A clean push into resistance can flush late shorts and attract breakout buyers, but if order flow fails to expand and the candle structure shows rejection, the path of least resistance often flips lower as trapped longs provide the fuel. In that scenario, the real edge is not the headline move itself, but the failed extension and the supply absorption at the top of the range.
Risk disclosure: For informational purposes only, not financial advice.
#XNY #CryptoTrading #MarketStructure #ShortSetup
