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While retail panicked on the initial wick flush back to earth, Smart Money quietly absorbed the entire supply shakeout above key moving averages.
$XNO - LONG
Trade Plan:
Entry: $0.385000 - $0.405000
SL: $0.362500
TP1: $0.486000
TP2: $0.550000
TP3: $0.600000
Why this setup?
95% confidence on a 4H long setup. RSI 15m at 48.25 (room to run). ATR 1h is 0.0142—tight squeeze priming for a breakout. Entry zone: $0.385000 - $0.405000. First target $0.486000.
Debate:
Is this healthy consolidation before retesting the $0.600000 high, or are we staring at a dead-cat bounce?
$XNO