🚨 $XPL Strong bullish but showing potential exhaustion signs. I'd go short (bearish reversal anticipated) for 1-hour timeframe
Price Action Assessment:
The K-line data shows explosive growth from 0.915 to 1.538 (68% gain) with multiple large green candles. However, the last several hours show:
Formation of doji and spinning top candles near highs
Decreasing volume during consolidation
Failure to break above 1.538 resistance despite multiple attempts
Volume Analysis: Massive volume spikes during upward moves (notably 77M and 228M volume candles) confirm strong buying interest, but recent volume has declined during consolidation
Capital Flow: Mixed signals
Short-term outflows (1H: -1.22M USDT) suggest profit-taking
Medium-term inflows (4H: +1.55M, 6H: +2.65M) indicate continued interest
Spot flows turning positive (8H: +141k, 12H: +466k) supporting bullish case
Entry short $XPL : Immediate entry at current price (1.517) with tight stop-loss
Better entry on pullback to 1.535-1.540 resistance area if retested
Stop-Loss: 1.571 USDT (placed above recent high)
Target Levels $XPL : Primary: 1.383 (8.8% downside)
Secondary: 1.257 (17.1% downside)
