$XPL Long Liquidation Alert
Liquidation: $3.208K at $0.168
Market Insight:
#XPL faced a strong liquidation at $0.168, signaling heavy long position unwinds. This indicates that the market is currently testing support levels, and short-term bearish momentum may dominate if sellers maintain control.
Technical Analysis:
Immediate Support: $0.164 – Previous demand zone
Immediate Resistance: $0.172 – Key supply area
Trend Observation: Despite liquidation, #XPL shows signs of accumulation near lower levels. A rebound is possible if buyers step in.
Targets:
🎯 TG1: $0.174 – Minor recovery target for short-term traders
🎯 TG2: $0.180 – Moderate bullish target if buyers gain momentum
🎯 TG3: $0.188 – Aggressive target, aligns with prior swing high
Next Move:
Watch for price action around $0.164. A strong bounce could trigger a recovery toward TG1-TG3.
If price breaks below $0.164 decisively, further short-term downside may emerge, opening the path to $0.160 and lower.
Position sizing and risk management are crucial due to recent liquidation volatility.
Trading Tip:
For aggressive traders: consider scaling in small long positions near support with tight stop-loss.
For conservative traders: wait for clear confirmation of a bounce above $0.170 before entering longs.
Summary:
#XPL is at a critical juncture. The liquidation at $0.168 signals caution, but potential for a rebound exists. Monitor the support and resistance zones closely and trade with calculated risk.
