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$XNY is behaving very strangely right now and most traders are going to miss the signal.
We’ve been stuck in this nasty downtrend since the $0.007 peak, but look at the last few candles. It finally found some aggressive buyers around the $0.003 level. That area is holding up as a solid floor for now.
We are currently sitting at $0.0042 and the volume is starting to creep back in. The real test is the $0.0049 resistance. If we can break that with a solid daily close, the path to $0.006 looks pretty clear. If we fail here, expect another boring chop session or a retest of the lows.
I’m watching the RSI closely to see if we actually have the momentum to flip this trend. It’s not a moon mission yet, but it's definitely not dead.
Are you guys accumulated here or is it too risky for you?
#GateSquareAprilPostingChallenge