📈 XPL/USDT: Stabilization at Key Support

Bias: Long / Bullish Reversal

Current Focus: Defending Demand Zone

Technical Outlook:

The XPL/USDT pair is currently testing a critical historical support level. After the recent correction, price action is showing signs of stabilizing, suggesting selling pressure may be exhausted.

* Demand Zone: Price is respecting the lower bounds of the current range, forming a potential "double bottom" or higher low structure on lower timeframes.

* Momentum: RSI is recovering from oversold territory, often a precursor to a relief rally or trend reversal.

* Setup: A successful defense of this level could trigger a breakout toward immediate overhead resistance.

Trade Plan:

Focus on entry near the current support floor to maximize the risk-to-reward ratio. Watch for a confirmed candle close above the immediate consolidation range to validate bullish momentum.

⚠️ Risk Management:

Volatility is expected. Always use a strict Stop-Loss just below the recent swing low to invalidate the setup. Avoid over-leveraging in consolidation phases.

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Not financial advice. Trade at your own risk.