XPL is staring down a fresh bearish swing as price slumps below the recent swing low.
đŽ $XPL SHORT đ â Trade Plan
âą Entry: $0.106693 â $0.106907
âą Stop: $0.110004 (-3.0%)
âą Target 1: $0.105198 (+1.5%)
âą Target 2: $0.101460 (+5.0%)
âą R/R 1:1.7 | Confidence 64%
The market structure break on the 4âhour chart opened a change of character, while the cumulative volume delta turned sharply negative confirming sellers. A fairâvalue gap sits right above the broken swing, overlapping an order block that also houses a point of interest, creating a tight confluence for a short. With the break of the low, the setup lines up for a 1:1.7 rewardâtoârisk.
A 3.0% stop is relatively tight, so using no more than 5â10x leverage keeps risk manageable.
Take half profit around the first target as price approaches the midâgap area.
Not financial advice â trade only what you can afford to lose đ
$XPL #XPLUSDT #Bitcoin #TradingSignals #Write2Earn
đŽ $XPL SHORT đ â Trade Plan
âą Entry: $0.106693 â $0.106907
âą Stop: $0.110004 (-3.0%)
âą Target 1: $0.105198 (+1.5%)
âą Target 2: $0.101460 (+5.0%)
âą R/R 1:1.7 | Confidence 64%
The market structure break on the 4âhour chart opened a change of character, while the cumulative volume delta turned sharply negative confirming sellers. A fairâvalue gap sits right above the broken swing, overlapping an order block that also houses a point of interest, creating a tight confluence for a short. With the break of the low, the setup lines up for a 1:1.7 rewardâtoârisk.
A 3.0% stop is relatively tight, so using no more than 5â10x leverage keeps risk manageable.
Take half profit around the first target as price approaches the midâgap area.
Not financial advice â trade only what you can afford to lose đ
$XPL #XPLUSDT #Bitcoin #TradingSignals #Write2Earn