$XPL /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
XPL/USDT is showing strong bullish structure on the intraday timeframes. Price has respected a higher-low formation after a healthy pullback and is holding above a key demand zone, indicating accumulation. Volume expansion on upward moves suggests buyers remain in control, while moving averages are beginning to align positively. A breakout and sustained hold above the recent consolidation range can fuel the next impulsive move.
Trade Idea: LONG
Entry Zone: Above the breakout confirmation of the recent range
Targets (TP):
TP1: Previous intraday high extension
TP2: Upper Bollinger Band / short-term resistance
TP3: Trend continuation level near the next supply zone
Stop Loss (SL):
Below the last higher low and below the short-term support zone to invalidate the bullish structure.
Market Outlook:
As long as price maintains above the key support and volume supports the move, the bias remains bullish. Failure to hold support would negate this setup.
Risk Management:
Risk only a small portion of capital per trade, use a fixed SL, and secure partial profits at each target to protect gains.
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