$XPL Testing Major Resistance ... Breakout or Another Rejection?
XPL has recovered strongly from the $0.060 area and pushed all the way to $0.096, but the $0.10 zone continues to act as a strong resistance level.
So far, multiple attempts to move higher have been rejected, showing that sellers are still defending this area. However, the price is also holding well above previous support levels, keeping the structure stable.
What the chart is showing:
Multiple rejections near $0.10 resistance
...
$TAO pushed good yesterday, with a 24% candle that tried closing above 100D SMA, but failed.
When a coin shows this kind of a strength in a short period of time, it is noticed, and now if this strength doesn't continue, if the follow through isn't seen, this will be shorted as well.
So, right now the chart sits at a decision stage, it is at a bunch of resistanes that includes GP, 100D SMA as well as the POC.
Breaking those at once is hard, but not impossible.
And rejection here would bring pr...
📊 $BTC Short Setup | Bearish Supply Zone
$BTC
{future}(BTCUSDT)
🔹 Short Setup
Entry: 64,500 – 65,500
1️⃣ TP: 63,800
2️⃣ TP: 63,100
3️⃣ TP: 62,400
4️⃣ TP: 61,700
5️⃣ TP: 61,000
🛑 Stop Loss: 66,200