$XPL Potential Long Setup Thesis
After rallying nearly 2x,
$XPL has now retraced back into a discount zone, which is where I'm starting to pay attention again.
My initial long entry is around 0.0699.
If price trades lower, I won't average down blindly. Instead, I'll look to scale into the position only after confirmation that the market has completed its objective and is ready to reverse.
I'm not interested in chasing strength after the rally. I'd rather let price come back into value and build the position from there.
The higher-timeframe structure still looks constructive, so for now this remains one of the charts on my watchlist.
Let's see how price delivers.
NFA. DYOR. Manage your risk accordingly.
#XPL