$0.077229.
That’s the volume-weighted pivot on the 4H — and price is trading exactly on top of it, dead center of a 7% daily range, with a futures market that refuses to pick a side.
Short-term structure is quietly turning bullish: EMA7 reclaimed EMA25, RSI neutral at 53, three straight green candles. But funding is barely positive and open interest is heavy — lots of positioning, little conviction. The chart is coiling, not trending.
The level that matters most is ~0.077 on $XPL — the volume profile point of control. As long as price holds above ~0.074, the bullish scalp read stays intact. Lose that on a 4H close and the thesis is off the table.
The objective, if momentum continues, is ~0.083 — the upper bound of the recent range, where sellers have repeatedly stepped in.
Tap $XPL to pull up the chart and see how cleanly price is respecting this pivot.
My read: cautiously bullish while above 0.074, but this is a range play, not a breakout — the real risk is a fake push toward 0.083 that fails and snaps back to the pivot.
I’ll post an updated read when this range resolves — follow to stay on top of it.
What level are you watching on $XPL right now? 👇
⚠️ Not financial advice. DYOR.
#XPL #Crypto #BinanceSquare #Altcoins
That’s the volume-weighted pivot on the 4H — and price is trading exactly on top of it, dead center of a 7% daily range, with a futures market that refuses to pick a side.
Short-term structure is quietly turning bullish: EMA7 reclaimed EMA25, RSI neutral at 53, three straight green candles. But funding is barely positive and open interest is heavy — lots of positioning, little conviction. The chart is coiling, not trending.
The level that matters most is ~0.077 on $XPL — the volume profile point of control. As long as price holds above ~0.074, the bullish scalp read stays intact. Lose that on a 4H close and the thesis is off the table.
The objective, if momentum continues, is ~0.083 — the upper bound of the recent range, where sellers have repeatedly stepped in.
Tap $XPL to pull up the chart and see how cleanly price is respecting this pivot.
My read: cautiously bullish while above 0.074, but this is a range play, not a breakout — the real risk is a fake push toward 0.083 that fails and snaps back to the pivot.
I’ll post an updated read when this range resolves — follow to stay on top of it.
What level are you watching on $XPL right now? 👇
⚠️ Not financial advice. DYOR.
#XPL #Crypto #BinanceSquare #Altcoins