$XNY Signal】Watch and wait for a pullback to go long | Deep sell pressure + Overbought pullback


$XNY RSI 81.38, sell order depth heavily outweighs buy orders by 14 times. 1H MACD bars narrow, bullish momentum diminishes, price begins to fall after touching the upper Bollinger Band.
🎯Direction: Wait and see (place long orders)
⚡Order entry: 0.006413 (recommended lower limit, wait for depth pullback)
🛑Stop loss: 0.006169
🚀Target 1: 0.006900
🚀Target 2: 0.007144
🛡️Trade management:
- After the order is filled, if it rebounds to Target 1, reduce position by half, move stop loss to the cost price. If the order is not triggered, wait and do not chase high.
Current funding rate is 0.0657%, relatively high, OI is stable, long positions' average cost is rising, short-term profit-taking pressure is obvious. Wait for a safer entry point, with a more reasonable risk-reward ratio.
Check real-time market 👇 $XNY
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XNY-20.22%
BTC0.44%
ETH0.97%
SOL0.27%
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