$XPL Downtrend Breakout (Bullish Sign)
You drew a long downtrend line.
Price has broken above the trendline, which is the first signal that selling pressure is weakening.
This is bullish if price holds above 0.2124.
2️⃣ Support Level
✔ Strong support: 0.2120 – 0.2140
Price is currently trading slightly above support, showing buyers are defending this area.
If XPL stays above 0.212 → bullish continuation chance increases.
3️⃣ Resistance Zones (Your Red Boxes)
🟥 First Resistance Zone:
0.2450 – 0.2550
→ Expect some selling pressure here.
→ Price may pull back or consolidate under this level.
🟥 Major Resistance Zone:
0.3300 – 0.3600
→ This is the strong supply area.
→ If price reaches this zone, big sellers may appear.
→ Break of this zone = strong trend reversal confirmed.
4️⃣ Volume
Volume is still low.
For a strong rally, you need increasing green volume.
5️⃣ RSI
RSI is near 65, not overbought yet.
@Plasma $XPL #Plasma
