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$XTZ just saw a massive, high-volume spike up to $0.7156. While the immediate momentum is bullish, the price has failed to hold the high and is currently pulling back, indicating exhaustion after the surge.
This kind of volatility suggests caution.
Short-term LONG upon a successful retest and bounce off the $0.58 support level.
🔹Target (T1/T2): $0.678 and a retest of the $0.715 high.
🔹Invalidation: A convincing 4H close below $0.53.
Wait for a clear confirmation before jumping in.
#xtz #GregLens