As previously identified, XEN continues to develop within a well-defined descending broadening wedge. The current price action is testing a key support zone, and its ability to hold here is crucial to avoid a deeper move toward the projected bearish target at the wedge’s lower boundary.
Our tactical plan is a quick long from current levels, with stop loss positioned just below the recent swing low. The target is set near the major supply zone, which represents the most significant sell-off resistance on the chart.
A rejection at that zone could trigger a sharp return to the critical support area. Watching closely—let’s see how price unfolds.
Our tactical plan is a quick long from current levels, with stop loss positioned just below the recent swing low. The target is set near the major supply zone, which represents the most significant sell-off resistance on the chart.
A rejection at that zone could trigger a sharp return to the critical support area. Watching closely—let’s see how price unfolds.
Note
Other exchange view on XENNote
Critical support zone holding firm, we should expect the coin to move up to test out the supply area as shown on the chart.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.