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XTZ: Short-term sell spike, 24h gains intact
I see a sharp selling spike in XTZ/USDT: 63.7K in 51s with ~91% sell pressure, which pushed the price down ~0.6% in the latest tick.
However, the 24-hour context is still positive (+4.26%) and overall 24h volume is balanced, so this looks like a short-term outflow rather than a confirmed trend reversal. I'll wait for follow-through or a clear bottom before acting.
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Analysis
Recent data shows intense selling in a very short window (51s: 91% sell) causing a small price dip, while 24h metrics show +4.26% and near-even buy/sell split on total volume—indicating a transient se...
Recommendation
Watch price action and volume for confirmation. Avoid initiating new long positions into this immediate selling spike; consider waiting for reduced sell pressure or a reclaim of recent intraday suppor...
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.
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