$XPL REJECTED HARD AT RESISTANCE — BEARS ARE HOLDING THE LINE 🔥
This level was defended aggressively after the recent rally, and the rejection is clean. Volume is dropping off on the bounce which tells me buyers aren't stepping in with conviction here.
If we lose the current bid zone, the next stop could be a retest of the breakdown area. Are you sitting this out or looking for a short scalp?
Not financial advice. Always manage your risk.
#XPL #Rejection #BearishSetup #Pullback #Crypto
🔥
This level was defended aggressively after the recent rally, and the rejection is clean. Volume is dropping off on the bounce which tells me buyers aren't stepping in with conviction here.
If we lose the current bid zone, the next stop could be a retest of the breakdown area. Are you sitting this out or looking for a short scalp?
Not financial advice. Always manage your risk.
#XPL #Rejection #BearishSetup #Pullback #Crypto
🔥