The liquidity sweep below 0.0924 is a major bullish indicator for XPL right now, as it suggests a significant amount of buy orders are waiting to be filled. This, combined with the presence of an order block zone, indicates that smart money is positioning themselves for a potential breakout.
From a technical analysis perspective, the high timeframe trend is bullish, with the RSI at 49, which is not overbought, and volume is at 0.5x, indicating a relatively quiet market. The SMC score of 8.8/10 further confirms the strength of this bullish trend.
The key levels to watch are as follows:
Entry: 0.09430
Take Profit 1: 0.09991, which offers a 3.0x risk to reward ratio
Take Profit 2: 0.10834, which offers a 7.4x risk to reward ratio
Stop Loss: 0.09241, which is below the recent liquidity sweep zone.
For those looking to get in on $XPLUSDT, I recommend buying with a stop loss at 0.092415. This trade is based on the bullish high timeframe trend and the potential for a significant breakout above the order block zone.
Followers, keep an eye on $XPLUSDT and be ready to act fast if the price breaks out.
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