XTZ: Heavy Short-Term Selling Suggests Further Weakness
I see heavy selling pressure on XTZUSDT: 60.00K USDT traded in 61s with sells accounting for about 98% of that spike.
Price slipped from 0.8405 to 0.8391 (-0.2%) and short-term frames show weakness (1h -1.63%, 4h -0.92%) despite a near-flat 24h change.
Net volume is falling on the 15m and 1h and alerts have triggered — I'm cautious about new longs and expect further downside or consolidation until volume stabilizes.
Analysis
Recommendation
I recommend reducing exposure or selling into this pressure and avoiding opening new long positions until net volume and short-term momentum recover.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.