$XAI 💨
$XAI just saw 6.3x selling volume, smart money exiting?
- With the current strong selling pressure and anomaly in volume, my expectation is for the price to revisit lower support levels before any real recovery.
- Best trade setup: Wait for price to push up toward 0.00795–0.00810. If you see bearish confirmation (such as a reversal candle, lower-high, or rejection wicks) in this zone, enter a short.
- Short entry (example): 0.00800–0.00810 after a bearish reversal confirmation.
- Take profit targets: 0.00777 → 0.00759 → 0.00738
- Stop-loss: Place above the swing high or the most recent manipulation wick (above 0.00819).
- If the price continues to crash directly through 0.00759 and 0.00738 without a bounce, avoid chasing; wait for a sweep of 0.00740 and look for a reversal pattern there as a possible long opportunity.
- Change of bias: If price breaks above 0.00819 with strong bullish volume and closes above, the bear thesis is invalidated and I’d expect a move toward 0.00828 or higher.
📝 This is not investment advice but an educational report. Always wait for confirmation before entering trades, especially when unusual volume is detected — these moves often turn into traps for both sides! Stay sharp and trade safe! 🚦
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