$XPL has already dropped nearly 15x from its highs and is now testing a major resistance zone. The current bounce appears to be losing momentum, making this an interesting area to watch for a potential short.
A rejection from resistance could open the door for another leg lower, with roughly 20% downside as a possible target. Keep your stop tight around 118 and always manage your risk.
#XPL
A rejection from resistance could open the door for another leg lower, with roughly 20% downside as a possible target. Keep your stop tight around 118 and always manage your risk.
#XPL