🔥 $XPL /USDT SHORT SETUP | Resistance Rejection Could Trigger Pullback 📉
$XPL is showing a potential bearish reversal setup after a strong rejection from the upper resistance zone. Price pushed toward $0.09065–$0.09479, but sellers stepped in and created a pullback, suggesting supply pressure is building. If bulls fail to reclaim the resistance area, a move toward lower support zones could follow.
📌 Short Trade Setup (XPL/USDT)
Entry Zone: $0.0895 – $0.0910
Stop Loss: $0.0955
TP1: $0.0867
TP2: $0.0838
TP3: $0.0816
Technical Logic:
XPL is trading near a key supply zone where previous highs created selling pressure. The chart shows a possible liquidity sweep above resistance followed by rejection, indicating smart-money profit taking. A confirmed breakdown below $0.0867 support can create a bearish BOS (Break of Structure) and open the path toward deeper targets.
Trade carefully, wait for rejection confirmation, and manage risk properly before entering.
#XPLUSDT #BinanceSquare #CryptoTrading #ShortSetup #SmartMoneyConcept #TechnicalAnalysis #XPlatform
$XPL is showing a potential bearish reversal setup after a strong rejection from the upper resistance zone. Price pushed toward $0.09065–$0.09479, but sellers stepped in and created a pullback, suggesting supply pressure is building. If bulls fail to reclaim the resistance area, a move toward lower support zones could follow.
📌 Short Trade Setup (XPL/USDT)
Entry Zone: $0.0895 – $0.0910
Stop Loss: $0.0955
TP1: $0.0867
TP2: $0.0838
TP3: $0.0816
Technical Logic:
XPL is trading near a key supply zone where previous highs created selling pressure. The chart shows a possible liquidity sweep above resistance followed by rejection, indicating smart-money profit taking. A confirmed breakdown below $0.0867 support can create a bearish BOS (Break of Structure) and open the path toward deeper targets.
Trade carefully, wait for rejection confirmation, and manage risk properly before entering.
#XPLUSDT #BinanceSquare #CryptoTrading #ShortSetup #SmartMoneyConcept #TechnicalAnalysis #XPlatform
