Description
⋅ XNOUSDT is showing some mixed sentiment.
If the price breaks trough the falling wedge and the signal line is crossing the MACD line it will give more confidence before opening a position.
We see some bullish divergence if the recent wick keep acting as a support. See the blue horizontal support line.
The 0.71 Fib level is not far away from the actual price action.
If the price is breaking down the descending triangle I would advise to use the soft stop as marked. The hard stop would be ~ 1.88