$XPL: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP XPL
Entry: $0.07247 - $0.07264
Stop Loss: $0.07520
Take Profit: $0.06727 (2R)
Key Levels: Support $0.07165 | Resistance $0.07247
Technical Analysis for $XPL: The MACD histogram is negative and the MACD line sits below its signal, while price sits under the 9, 21, 50 and 200EMA, confirming bearish momentum. RSI at 45 and Stochastic around 24 signal mild oversold but not decisive. ADX below 20 shows a weak trend. With price hugging the 0.07247 resistance, short bias is supported.
Market Context: BTC is in a bearish 4hour trend and the broader market shows a broadly negative breadth, with 61.9% of assets red, adding
SHORT $XPL
SHORT SETUP XPL
Entry: $0.07247 - $0.07264
Stop Loss: $0.07520
Take Profit: $0.06727 (2R)
Key Levels: Support $0.07165 | Resistance $0.07247
Technical Analysis for $XPL: The MACD histogram is negative and the MACD line sits below its signal, while price sits under the 9, 21, 50 and 200EMA, confirming bearish momentum. RSI at 45 and Stochastic around 24 signal mild oversold but not decisive. ADX below 20 shows a weak trend. With price hugging the 0.07247 resistance, short bias is supported.
Market Context: BTC is in a bearish 4hour trend and the broader market shows a broadly negative breadth, with 61.9% of assets red, adding
SHORT $XPL
