š„$XPL
4-hour chart shows a bearish trend, with prices below the 50-day and 200-day moving averages. The 1-hour chart is also consistent with this trend, similarly below these key moving averages. Momentum has currently shifted downward, with the 15-minute relative strength index (RSI) below 50, indicating that a new wave of selling pressure is about to arrive. This is the trigger point for shorting, with target levels at the next support level. The daily range indicates that there is still room for a decline within the overall consolidation range. Take advantage of the new downward trend starting on the hourly chart and build your position quickly. Actionable settings (short) Entry point: market price 0.116183 ā 0.117423 Take profit point 1: 0.113085 Take profit point 2: 0.111845 Take profit point 3: 0.109366 Stop loss point: 0.120522
