$XTZ

/USDT Technical Analysis & Trade Signal🔥💯

Current Price: 1.354 USDT

24h Price Change: -4.98%

Support Zone: 1.337 USDT

Resistance Zone: 1.461 USDT

Key Technical Indicators:

1. RSI (Relative Strength Index): Below 50 (Slightly Bearish Momentum)

2. Moving Averages:

50 MA: Below 200 MA, indicating a potential downtrend.

3. MACD (Moving Average Convergence Divergence): Bearish crossover, confirming negative momentum.

Trade Signal:

Trend: Bearish short-term with slight possibility of correction.

Trade Direction: Sell or Short if below the 1.400 zone.

Target Levels:

1. Target 1 (First Support): 1.337 USDT (First level of possible price rebound)

2. Target 2 (Mid-range Support): 1.290 USDT

3. Target 3 (Deep Support): 1.250 USDT

Momentum:

Bearish momentum is the dominant trend at the moment, with the possibility of a minor correction, especially if price manages to break below the 1.400 resistance.

Monitor volume spikes for potential reversals or breakouts.

Trade Recommendation:

Sell/Short near resistance (1.400–1.430), with stop-loss just above 1.460.

Take profits progressively at targets 1, 2, and 3.

This analysis suggests a downward move but traders should be cautious of price rejections near the support levels.

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