๐จ Update of the market structure for $XPL
The current structure shows the beginning of an upward rebound and a reversal in direction (CHoCH); after forming a bottom at 0.07650, the price broke above the fast moving average (EMA 7) and rose to test dynamic resistances (EMA 100 and 200). The RSI jumped strongly to 65 with a confirmed bullish crossover on the MACD (MACD) below the zero line, indicating weakening selling momentum and the beginning of buyer control.
๐ฏ Strategic trading plan:
๐น Entry zone: 0.08166 - 0.08397$
๐น First target: 0.08670$
๐น Second target: 0.09147$
๐น Third target: 0.10104$
โ ๏ธ Stop loss (SL): 0.07600$ (close below the last bottom)
#FedHikeOddsRiseTo89% #UKSeeksViewsOnTokenizingGold
The current structure shows the beginning of an upward rebound and a reversal in direction (CHoCH); after forming a bottom at 0.07650, the price broke above the fast moving average (EMA 7) and rose to test dynamic resistances (EMA 100 and 200). The RSI jumped strongly to 65 with a confirmed bullish crossover on the MACD (MACD) below the zero line, indicating weakening selling momentum and the beginning of buyer control.
๐ฏ Strategic trading plan:
๐น Entry zone: 0.08166 - 0.08397$
๐น First target: 0.08670$
๐น Second target: 0.09147$
๐น Third target: 0.10104$
โ ๏ธ Stop loss (SL): 0.07600$ (close below the last bottom)
#FedHikeOddsRiseTo89% #UKSeeksViewsOnTokenizingGold