$XPL is up 6.3% in 24h and it just turned yesterday's high at $0.08374 into a floor.
yesterday's ceiling is today's floor. price ran off a 24h low of $0.07488 and hasn't handed the breakout back. daily ATR is 9.6% of price, so a 1.8% cushion is thin, but it's a real line and the tape is respecting it.
the honest part: volume over the last 5 days is 0.51x the 20 days before, and the daily MACD histogram is still negative. the screener scored it 8 out of 14, not a 12. I'm long anyway because the 4H MACD is positive and the daily EMA20 sits 4.0% above spot.
$XPL trades at $0.08545 right now. if it holds $0.08374, I think it pushes to the daily EMA20 at $0.0887037. if it loses $0.08374, I'm wrong on this and there's nothing to defend. anyone long from here gives back the breakout.
holding $0.08374 or losing it?
follow me for more calls like this.
yesterday's ceiling is today's floor. price ran off a 24h low of $0.07488 and hasn't handed the breakout back. daily ATR is 9.6% of price, so a 1.8% cushion is thin, but it's a real line and the tape is respecting it.
the honest part: volume over the last 5 days is 0.51x the 20 days before, and the daily MACD histogram is still negative. the screener scored it 8 out of 14, not a 12. I'm long anyway because the 4H MACD is positive and the daily EMA20 sits 4.0% above spot.
$XPL trades at $0.08545 right now. if it holds $0.08374, I think it pushes to the daily EMA20 at $0.0887037. if it loses $0.08374, I'm wrong on this and there's nothing to defend. anyone long from here gives back the breakout.
holding $0.08374 or losing it?
follow me for more calls like this.