๐ฅ XPLUSDT | Short-Term Market Update ๐
$XPL has experienced a strong sell-off, followed by weak consolidation and continuation to the downside. Price is currently making lower highs and lower lows, indicating bearish pressure still dominates.
๐ Bearish Scenario (Primary Setup โ Sell)
โ Sell on Pullback:
0.1295 โ 0.1310
(Previous minor support turned resistance)
๐ Stop Loss (SL):
0.1345
(Above consolidation range & structure)
๐ฏ Take Profit (TP):
๐ฅ TP1: 0.1270
๐ฅ TP2: 0.1245
๐ฅ TP3: 0.1215
โก๏ธ Trend continuation likely if price fails to reclaim 0.132+
๐ Bullish Scenario (Counter-Trend โ Risky)
Only valid if price reclaims and holds above resistance
โ Buy Entry:
Above 0.1345 (strong close)
๐ Stop Loss:
0.1310
๐ฏ Take Profit:
๐ฅ TP1: 0.1380
๐ฅ TP2: 0.1425
โ ๏ธ This is a counter-trend trade, smaller position recommended.
๐ง Market Insight
โข Short-term trend: Bearish
โข Structure: Lower highs & lower lows
โข Best strategy: Sell rallies
โข Bulls need strong volume reclaim above 0.1345