$XPL / USDT — Short Setup at Resistance
XPL is still in a downtrend on the 4H timeframe, even though the 1H chart shows a temporary bounce above its EMA50. This bounce looks corrective, not a trend change, and price is now sitting near an intraday resistance zone, which makes it a good area to look for shorts.
The sell trigger comes when price drops back below the 1H EMA50, with confirmation from the 15-minute RSI slipping under 50. That combination signals that the short-term bounce is losing strength and the broader bearish trend is ready to resume.
Trade Setup (SHORT)
Entry: 0.1293 – 0.1305
Targets:
TP1: 0.1262
TP2: 0.1250
TP3: 0.1225
Stop Loss:
0.1336
Summary: This is a textbook “sell the pullback” setup. As long as price fails to hold above the EMA50 and momentum weakens, the odds favor a move lower toward the next support levels.
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