crisp analysis

📉 $XPL /USDT – Bearish Continuation Setup (4H)

Market Structure:
XPL/USDT is in a clear downtrend, printing consecutive lower highs and lower lows on the 4H timeframe. Price has broken down aggressively from the previous consolidation and is now trading near intraday lows with no meaningful bullish reaction.

Current Price: ~0.1198
Trend Bias: Bearish

🔻 Key Technical Observations

Strong impulsive bearish leg from ~0.165 → ~0.12

No structure reclaim or demand reaction so far

Minor pullbacks are weak → sellers remain in control

Price is approaching a liquidity zone / psychological support near 0.118–0.113

🎯 Trade Plan (Short Bias)

Entry Zone (Short):

0.1230 – 0.1280
(Any pullback into prior minor support turned resistance)

Targets:

TP1: 0.1180

TP2: 0.1130

TP3 (Extension): 0.1080 (if momentum accelerates)

Stop Loss:

Above 0.1320
(Invalidation if price reclaims bearish structure

🧠 Outlook

As long as XPL/USDT remains below 0.132–0.135 resistance, the probability favors continued downside. Any bounce is currently considered a sell-the-rally opportunity, not a trend reversal.

⚠️ A bullish scenario only opens if price:

Forms a higher low and

Reclaims + holds above 0.135

Until then → trend-following shorts dominate.

If you want, I can:

Tighten this into a scalp version (15m / 1h)

Or format it exactly for Telegram / X post like your BTC script