$XPL /USDT TECHNICAL ANALYSIS – BEARISH PRESSURE WITH RANGE BREAK RISK
$XPL /USDT is showing weakness after failing to sustain above the mid-range resistance, with price repeatedly rejecting from higher levels and forming lower highs on the intraday structure. The market is trading below key moving averages, indicating sellers are in control. Volume remains moderate, suggesting distribution rather than accumulation. A breakdown below the immediate support zone could accelerate downside momentum toward lower demand areas.
Trade Idea: SHORT
Entry Zone: 0.0835 – 0.0850
Take Profit Targets:
TP1: 0.0785
TP2: 0.0754
TP3: 0.0700
Stop Loss: 0.0885
Risk Management: Limit risk to 1–2% per trade, avoid over-leverage in volatile conditions, and move stop loss to breakeven once TP1 is achieved.
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