🚨 Hidden players are preparing for a drop in the Covenant currency

📉 Short sale on $XNY

XNYUSDT

Perp

0.006671

-6.00%

Entry point:

0.006475 – 0.006567

🎯 Targets:

0.006190

0.005969

0.005638

⛔ Stop loss:

0.006963

Reason for the trade:

It appears that the bears are strongly controlling the market in this area. Short-term indicators currently look weak, which may allow for a slight rebound before a larger drop occurs.

Moreover, larger timeframes indicate a compression in price movement, which could lead to a strong bearish breakout if current levels are broken.

⚠️ Monitor the price movement closely and manage risks before entering the trade.

⬇️ You can open trading contracts on $XNY from here