$XPL /USDT BEARISH CONTINUATION SETUP
$XPL has been sliding after rejecting the upper range and is currently moving within a descending structure. Lower highs and repeated rejections near resistance indicate sellers are still in control. The price is hovering around a weakening support zone, increasing the probability of another leg down if this level breaks.
SHORT ENTRY SETUP
• Entry: On a breakdown below the current support zone
• TP1: Next liquidity pocket beneath recent lows
• TP2: Mid-range bearish target
• TP3: Deeper support level in the broader structure
• SL: Above the latest swing high to protect against a sudden reversal
RISK MANAGEMENT
Risk only 1–2% per position, keep stops firm, and avoid adding into losing trades.
#technicalanalysis #cryptoanalysis #xpl #marketstructure #cryptotraders
$XPL
$XPL has been sliding after rejecting the upper range and is currently moving within a descending structure. Lower highs and repeated rejections near resistance indicate sellers are still in control. The price is hovering around a weakening support zone, increasing the probability of another leg down if this level breaks.
SHORT ENTRY SETUP
• Entry: On a breakdown below the current support zone
• TP1: Next liquidity pocket beneath recent lows
• TP2: Mid-range bearish target
• TP3: Deeper support level in the broader structure
• SL: Above the latest swing high to protect against a sudden reversal
RISK MANAGEMENT
Risk only 1–2% per position, keep stops firm, and avoid adding into losing trades.
#technicalanalysis #cryptoanalysis #xpl #marketstructure #cryptotraders
$XPL