$XCH is showing heavy weakness, down 70.30%.
I’m avoiding a blind long here and waiting for a recovery structure.
Trade Plan
Entry Zone: Only after reclaim + retest of support
Target 1: +10% from confirmed entry
Target 2: +20% from confirmed entry
Target 3: +30% from confirmed entry
Stop Loss: 8% below confirmed entry
Why this setup works:
The 70.30% decline shows strong selling pressure. I’m waiting for buyers to reclaim a key level first. If that reclaim holds, the setup becomes much safer than trying to catch the falling price.
