Most traders are currently looking in the wrong direction at $XNY /USDT.

$XNY - SHORT

Trading plan:

Entry: 0.005005 – 0.005111

SL: 0.005379

TP1: 0.004737

TP2: 0.00463

TP3: 0.004416

Why is this setup?

The H4 chart is set to SHORT. The RSI on lower timeframes shows weakening momentum (15m RSI at 42), and the price is stuck in a daily range, indicating a possible breakout. The key level to watch is the entry zone around 0.005058.