Onyxcoin priceXCN

$XCN Rebound 🪃

$H $WLD $PROVE $PYTH $NODE $BIO $XCN are my active long trades 😁💸💸💸

$XCN faced a rejection at the 200 SMA on the 2H chart, which isn’t surprising given how moving averages are shaping up across different timeframes. These resistance zones are expected during reversal phases it’s part of the process. But once those key levels start breaking, the momentum could shift fast. It won’t be a clean breakout, but the volume tells me there’s still strong interest from big players.

 $XCN Market Trend: Sideways Consolidation, Bearish Bias Trade Signal Entry 1 (Short): $0.01330 (Current zone - shorting the failed breakout) Entry 2 (Short): $0.01342 (Short on failed retest of recent high) TP1: $0.01308 TP2: $0.01274 TP3: $0.01250 TP4: $0.01225 Stop-Loss: $0.01350 (Above recent high) Why This Trade? XCN is currently in a sideways consolidation phase, with the Bollinger Bands contracting, indicating a low-volatility period. The price recently attempted a breakout to the upside but was met with strong selling pressure, leading to a rejection. This failed breakout suggests that the bears are currently in control and a short-term move to the downside is likely. Support & Resistance Levels Support: $0.01308 • $0.01274 • $0.01250 Resistance: $0.01342 • $0.01350 • $0.01400 Market Update for XCN (XCN) XCN is currently displaying a neutral-to-bearish bias, with prices consolidating after a volatile move. The overall market sentiment for XCN is bearish in the short term, with traders anticipating a continuation of the downward move from the current range. #XCN