【$XNY Signal】Waiting for more pullbacks, with a gap in the buy orders above

$XNY After a surge to the 1H level, RSI soared to 71.73, with a clear gap in buy orders above 0.00464. The 4H Bollinger upper band at 0.0045 has been pierced, MACD histogram is still expanding, but open interest remains stable, and the funding rate of 0.0639% is not extreme. Entering at this position for a chase high has a poor risk-reward ratio; overhead selling pressure needs to be absorbed.

🎯Direction: Wait and see (Pull back to go long )

⚡Entry/Order: 0.003808 - 0.004620

🛑Stop loss: 0.003777

🚀Target 1: 0.004641

🚀Target 2: 0.004660

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

Order book shows a thick accumulation of buy orders below 0.004625, indicating a potential support from funds. The 1H EMA20 at 0.0042 forms a dynamic support. If the price retraces to this area with decreasing volume, it would be a better entry point. The current risk-reward ratio is not ideal; forcing an entry could lead to being squeezed out. Patience for a healthy pullback.

Check real-time market 👇 $XNY
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