'Someone asked me to analyze $XEC and here it is

It's not a nice chart

The price did nothing but fall after the 2021 bull market without having signs of recovery.

The upward movements it had were all manipulative movements used by whales to take liquidity from key levels such as
-market imbalance
-order blocks
-side liquidity

How do you understand that they were all manipulative movements and not movements of a healthy token?
From 2 things:

1. They didn't change the structure. There was no change in the directionality of the price.

2. They leave candles with big shadows

We can also notice how this token did not move along with the rest of the market when Bitcoin and many Alts began to pump following the ETF narrative on Bitcoin started by the fake news of the approval in October 2023. '

This is the kind of stuff that you can find and ask me if you follow me on X

@TznDayTrader on X 🤝