XEN Descending Wedge – Critical Move Loading

10 apr

As previously identified, XEN continues to develop within a well-defined descending broadening wedge. The current price action is testing a key support zone, and its ability to hold here is crucial to avoid a deeper move toward the projected bearish target at the wedge’s lower boundary.

Our tactical plan is a quick long from current levels, with stop loss positioned just below the recent swing low. The target is set near the major supply zone, which represents the most significant sell-off resistance on the chart.

A rejection at that zone could trigger a sharp return to the critical support area. Watching closely—let’s see how price unfolds.

10 apr

Nota

Other exchange view on XEN

10 mag

Nota

Critical support zone holding firm, we should expect the coin to move up to test out the supply area as shown on the chart.