$XPL Price is clearly rejecting at the resistance zone, with a cluster of red candles and a large sell-off volume confirming the bears (whales) are pushing the price down. If you like to trade in line with the correction rhythm, refer to this Short setup:
Trading setup (Short plan for quick scalping/swing):
Entry: 0.0880 – 0.0895 USDT (Look to enter around the current price or on a slight pullback/retest of the resistance)
Take Profit (TP):
TP1: 0.0860 USDT (Short-term support MA25 - take partial profits, closing 50% of the position)
TP2: 0.0780 USDT (Buffer zone between drop swings)
TP3: 0.0710 – 0.0730 USDT (Hits the upper edge of the hard support zone / accumulation-buy zone)
Stop Loss (SL): 0.0930 USDT (Set above the highest candle wick and above the MA99 resistance area. If this level is breached, cut immediately)
Recommended leverage: x3 – x5 (Strong candle swings—use low leverage to avoid sudden wick sweeps). If you want to go big, then go x100 for me :))
Note on risk management:
Match TP1 (0.086x); then move the SL immediately to the break-even point (Entry) to lock in safe profit.
Absolutely do not add more orders if the price breaks above 0.092x.