$XPL: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP XPL
Entry: $0.08430 - $0.08460
Stop Loss: $0.08750
Take Profit: $0.07835 (2R)
Key Levels: Support $0.07986 | Resistance $0.08474
Technical Analysis for $XPL: XPLUSDT sits under EMA9, EMA21 and EMA50, confirming a bearish bias. MACD histogram remains negative and RSI at 43 signals momentum down. ADX above 30 shows a firm trend. A short entry around 0.08430.0846 targets the 0.07986 support, with SL near 0.0875 and TP at 0.0785. Watch a break above 0.0875 to invalidate.
Market Context: BTC is down 1.8% on a bearish 4hour trend, and the overall market is broadly negative (81% red).
SHORT $XPL
SHORT SETUP XPL
Entry: $0.08430 - $0.08460
Stop Loss: $0.08750
Take Profit: $0.07835 (2R)
Key Levels: Support $0.07986 | Resistance $0.08474
Technical Analysis for $XPL: XPLUSDT sits under EMA9, EMA21 and EMA50, confirming a bearish bias. MACD histogram remains negative and RSI at 43 signals momentum down. ADX above 30 shows a firm trend. A short entry around 0.08430.0846 targets the 0.07986 support, with SL near 0.0875 and TP at 0.0785. Watch a break above 0.0875 to invalidate.
Market Context: BTC is down 1.8% on a bearish 4hour trend, and the overall market is broadly negative (81% red).
SHORT $XPL