🌌 Finora AI Analysis for $XPL #XPLUSDT
- I expect XPLUSDT to continue bearish movement as the overall structure is bearish and price is making lower lows, breaking through supports without strong demand reaction.
- If price retests the 0.1242 or 0.1264 supply zones and forms a bearish confirmation (like a rejection wick, bearish engulfing, or liquidity sweep above these levels), a short entry can be considered with targets at 0.1214 and 0.1152.
- If price quickly sweeps below 0.1214 and forms a strong bullish reversal (such as a pin bar or bullish engulfing with high volume), a short-term long scalp could be considered up to 0.1242, but only with a clear reversal signal.
- Stop-loss should be set above the most recent swing high for shorts, or below the swing low for longs, depending on the chosen setup.
- If price breaks and closes above 0.1264 with strong momentum, my bearish bias is invalidated and I would expect a move towards 0.1276 or higher.#Plasma @Plasma #XPL
