$XPL silently accumulating in a tight zone and gearing up for an upward breakout
trade plan: long $XPL
entry: 0.12065 to 0.12170
stop loss: 0.11575
targets
tp1: 0.12525
tp2: 0.12790
tp3: 0.13205
move sl to entry after tp1.
click 👇 and long $XPL
XPLUSDT
Perp.
0.0932
-2.30%
The four hour structure looks extremely solid as price continues to compress around a major level. Short term momentum is steadily increasing while still having plenty of room before hitting overbought territory. Volatility metrics allow for a very clean invalidation level creating an excellent risk to reward scenario for this upward push.
risk max 1 to 2.