Coinathlon

XTZ short setup

Short
BINANCE:XTZUSDT   Tezos / TetherUS
Tezos had a nice run over the past week but is still in a general downtrend and currently reaching a tough resistance area, which coincides with:

- 0.5 FIB level
- 50 EMA
- Low volume compared to the last big run in sep/21. This makes me confident in that we are more likely to see a move down.

Waiting for confirmation on the lower timeframes before entering

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