【$XNYUSDT】Don't rush to bottom fish/chase highs, check this first

$XNYUSDT Intraday regular volatility period, obvious signs of buy-side gap breakage. Four-hour level price surged to the upper Bollinger Band, but MACD histogram starting to converge, upside momentum weakening. One-hour RSI approaching 65, buy-side continuously pushing higher but trading volume shrinking, volume-price divergence. Order book shows sell orders piled up around 0.005692 with 116,000 hands, heavy selling pressure above, while buy-side depth dispersed, weak fund support willingness. Funding rate got crushed, in this positive funding rate environment price being hard-pulled often signals the final sprint of the bulls.

Direction: Short
Entry/Limit Order: Short directly at current price 0.005692, or add shorts on rebound near 0.005718
Stop Loss: 0.005785
Target 1: 0.005470
Target 2: 0.005100
Trade Management: Reduce position by half at first target, move remaining to breakeven, chase downside space. Risk-reward ratio close to 4:1, this trade is worth trying.
Check real-time market 👇 $XNYUSDT
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