🔴$XPL

XPL

0.1523

-2.93%

BEARISH TECHNICAL ANALYSIS

$XPL is showing early signs of bearish pressure after failing to sustain above the 0.1580–0.1600 resistance zone. Short-term price action indicates potential downward correction as selling pressure emerges near recent highs.

Bearish Highlights:

• Price rejected near 0.1580–0.1600 resistance

• Formation of lower highs in short-term charts

• Weakening momentum suggests downside potential

• Support currently around 0.1547

POTENTIAL TARGETS (TP):

• TP1: 0.1540

• TP2: 0.1520

• TP3: 0.1500

STOP LOSS (SL):

• Above recent swing high at 0.1600

RISK MANAGEMENT:

Use 1–2% risk per trade, follow strict stop-loss, and avoid overleveraging during volatile conditions.

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