XAI SCAM?)))⚠️Another scam asset, pushed by bloggers when it was at its peak. They talked about how useful it is and how important it is for web games, but as usual, it led to a drop.
📈The price has already dropped by 88%, and it’s moving sideways within a descending channel. If the price breaks out of the channel (unlikely right now), there could be a pump of 128%, with the first resistance zone at $0.39. The descending trend needs to be broken for the asset to grow.
Currently, market participants are accumulating positions during the sideways movement, and they might test the bottom again (not necessarily).
The target could reach $2.32, which is a potential gain of 1200%, not bad, right?
Remember to manage your risk.
Strategy: 💵
You can trade within the sideways channel, buying and selling within it. The current swing is 40%, a decent size. If it breaks out, you can buy on the retest of resistance (which will become support).
You could also skip trading the sideways range and just buy at market price. But it’s important to distribute your capital wisely — don’t hesitate to buy cheap! Fear buying expensive, especially after an 88.5% drop. If it drops further, no worries. Buy in portions and don’t be afraid.
Alternatively, you can wait for a breakout of the channel, but this will be 60%+ more expensive. The choice is yours.
Don’t go all-in. Allocate an amount you’re willing to invest in this asset, as the price could drop further (though not guaranteed), leaving you with no funds. It's best to trade within the channel and buy separately, but keep extra funds for potential flash crashes, etc., plus additional funds to trade during the sideways range.
