XTZ/USDT Chart Analysis 📉
Current Trend:
Downtrend with strong bearish momentum.
Observations:
Resistance at 200 EMA:
Each time $XTZ has approached the 200 EMA, it has faced resistance and declined.
Bearish Momentum:
The price continues to show strong bearish momentum, indicating potential for further declines.
New Lows Expected:
Given the current trend, there is a high probability that $XTZ will test new lows soon.
Trading Plan:
Entry Point: $0.772
Target Price:$0.683
Stop Loss (SL): $0.806
