XPL's downtrend continues to gain strength, what's next?
As long as XPL stays below 0.07548, it's likely to see further selling pressure and test support around 0.0720.
Downtrend confirmed by close below SMA7 and SMA25
Bearish momentum indicated by 10-bar trend and swing highs/lows
Near support and resistance levels are false
A daily close above 0.0806 invalidates this setup
Are you shorting XPL based on this downtrend?
#MarketAnalysis #CryptoInsights
As long as XPL stays below 0.07548, it's likely to see further selling pressure and test support around 0.0720.
Downtrend confirmed by close below SMA7 and SMA25
Bearish momentum indicated by 10-bar trend and swing highs/lows
Near support and resistance levels are false
A daily close above 0.0806 invalidates this setup
Are you shorting XPL based on this downtrend?
#MarketAnalysis #CryptoInsights