$XPL got cut down 9.9% in the last 24 hours, trading at $0.0939 right now, but zoom out a week and it's still up 13.91%.
that's the tell here. this is a coin that ran hard and is giving some back. daily RSI sits at 55, MACD histogram is still positive, and volume over the last 5 days is running 1.22x the prior 20, so the pullback isn't happening on dead volume. against BTC it's basically flat on the week at +0.1 points even after today's red candle, which tells me the selling is XPL-specific, not a market-wide flush.
today's range is $0.0922 to $0.105, and yesterday's low sits at $0.08915. that's the line that decides this.
$XPL trades at $0.0939 right now. if it holds $0.08915, i think it works its way back toward the $0.10497 swing high from the last 10 days. if it loses $0.08915, i'm wrong on this and anyone who bought the dip is staring at a deeper flush with no floor under them.
holding $0.08915 or breaking it?
follow me for more calls like this.
that's the tell here. this is a coin that ran hard and is giving some back. daily RSI sits at 55, MACD histogram is still positive, and volume over the last 5 days is running 1.22x the prior 20, so the pullback isn't happening on dead volume. against BTC it's basically flat on the week at +0.1 points even after today's red candle, which tells me the selling is XPL-specific, not a market-wide flush.
today's range is $0.0922 to $0.105, and yesterday's low sits at $0.08915. that's the line that decides this.
$XPL trades at $0.0939 right now. if it holds $0.08915, i think it works its way back toward the $0.10497 swing high from the last 10 days. if it loses $0.08915, i'm wrong on this and anyone who bought the dip is staring at a deeper flush with no floor under them.
holding $0.08915 or breaking it?
follow me for more calls like this.
