🔥 $XPL /USDT – Massive Sell-Off! Is a Recovery Bounce Incoming?
$XPL /USDT is facing strong selling pressure after a sharp rejection from the $0.08639 high, currently trading at $0.07417 (-6.97%). On the 1H timeframe, price has experienced a major bearish breakdown, followed by a short-term recovery from the $0.06903 support zone. Bulls are now attempting to regain control, but $0.07476 remains the immediate resistance. A confirmed breakout above this level with strong buying volume could open the door toward TP1: $0.07896, TP2: $0.08315, and TP3: $0.08639. Potential Entry: $0.07480–$0.07520 after breakout confirmation. Stop Loss: $0.07050. However, rejection around resistance could trigger another downside move toward $0.07057 and $0.06903, with $0.06733 as an extended downside level. Watch volume and price action carefully before entering. Will XPL bulls recover or will bears dominate the next move? Trade smart and follow for more setups!
#XPL
$XPL /USDT is facing strong selling pressure after a sharp rejection from the $0.08639 high, currently trading at $0.07417 (-6.97%). On the 1H timeframe, price has experienced a major bearish breakdown, followed by a short-term recovery from the $0.06903 support zone. Bulls are now attempting to regain control, but $0.07476 remains the immediate resistance. A confirmed breakout above this level with strong buying volume could open the door toward TP1: $0.07896, TP2: $0.08315, and TP3: $0.08639. Potential Entry: $0.07480–$0.07520 after breakout confirmation. Stop Loss: $0.07050. However, rejection around resistance could trigger another downside move toward $0.07057 and $0.06903, with $0.06733 as an extended downside level. Watch volume and price action carefully before entering. Will XPL bulls recover or will bears dominate the next move? Trade smart and follow for more setups!
#XPL
