After losing $180k, I stared at $XAN 's 24-hour candlestick chart, my hand trembling. At the price of 0.0116, I had cut my losses at 0.0045, watching helplessly as it surged to 0.018 and then dropped back. Now it has returned to the 24-hour high, with a trading volume of 10.6 million, three times the recent days. This is not a coincidence; the main players are testing selling pressure.


I pulled up some on-chain data: the change in open positions over the past 24 hours shows a "stepwise accumulation," with large inflows concentrated in the 0.009-0.011 range, especially during the 4 a.m. dump of 3 million that was instantly absorbed. The current MACD is bullish (golden cross), but RSI is at 65, not a position to chase the high. The key support is the 24-hour low at 0.009, and the resistance level at 0.012 is a historically dense zone of positions.
My plan: wait for a pullback. Smart money won't buy after a 28% increase. Place limit orders in the 0.0108-0.0112 range, controlling position size at 15%. If volume breaks through 0.012 and stabilizes, add 10% to chase the rally. Set a stop-loss at 0.0092; if it drops below this, it indicates distribution by the main players—don’t dream otherwise. Take profits in two stages: first at 0.0135, second at 0.015; sell half at each target, then move the stop-loss.
I know you might be skeptical, as this account has washed out many people before. But this time is different: the 24-hour trading volume jumped from 3 million last week to 10 million, indicating liquidity has returned. On-chain address interactions are also increasing, not just accumulation. But I fear false breakouts most; if 0.0116 repeatedly gets tested, it’s likely a trap.
Vote honestly: do you think it can hold above 0.012? If yes, comment “Breakthrough”; if not, just say “Watching the show.” I’ll update after tonight’s session. Remember: don’t go all-in at this level; every dollar lost is a lesson. $XAN
(Data source: on-chain position monitoring + my own retracement stop-loss model, not investment advice) $ETH
ETH-5.34%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments