$XPL :
797 thousand dollars in two minutes… Liquidity trap or the start of a reversal?
Unusual activity worth 797K USDT, around 11% of the reported daily volume. The price jumped to 0.08331 and then pulled back, while the downtrend continued on the 4H timeframe and BTC remained weak.
$XPL
Trade: Conditional SHORT — futures
Entry: 0.0820
Stop-loss: 0.0837
TP1: 0.0792
TP2: 0.0776
TP3: 0.0749
R:R: Around 1:2.3 after estimated fees
Setup quality: 76/100
Trigger: Rejection of the 0.0820 resistance on the 15m timeframe.
Risk: A break above 0.08331 could invalidate the scenario.
Was the spike accumulation or a liquidity hunt?
#XPl
797 thousand dollars in two minutes… Liquidity trap or the start of a reversal?
Unusual activity worth 797K USDT, around 11% of the reported daily volume. The price jumped to 0.08331 and then pulled back, while the downtrend continued on the 4H timeframe and BTC remained weak.
$XPL
Trade: Conditional SHORT — futures
Entry: 0.0820
Stop-loss: 0.0837
TP1: 0.0792
TP2: 0.0776
TP3: 0.0749
R:R: Around 1:2.3 after estimated fees
Setup quality: 76/100
Trigger: Rejection of the 0.0820 resistance on the 15m timeframe.
Risk: A break above 0.08331 could invalidate the scenario.
Was the spike accumulation or a liquidity hunt?
#XPl