$XPL sweeps below 0.09676 and reclaims fast — bullish momentum gets fresh fuel
My 1h bias remains bullish. The sharp 15m wick below 0.09676 followed by a quick reclaim looks more like a liquidity grab than a confirmed reversal, keeping the short-term bullish structure intact.
However, this is still a counter-trend bounce against bearish daily and weekly structure. I want to see the reclaim hold and a clear lower-timeframe confirmation before treating longs as high-conviction.
Key levels to watch:
- Demand zone: 0.09475–0.0960
- First liquidity target: 0.10488
- Next targets: 0.10504 and 0.10706
- Structure invalidation: 0.08551
Preferred entry is a pullback into 0.09475–0.0960 after the sweep, with confirmation through a 15m/5m bullish engulfing, MSS, or strong reclaim above 0.09676.
Take-profit sequence: 0.10488 → 0.10504 → 0.10706
Protection should sit beyond the confirmed 1h structure flip rather than directly under the liquidity wick.
Flow: OI $43.9M (-1.5% 24h) | Funding +0.0050% | Taker 1.06x
A sustained 1h close below 0.08551 would invalidate the bullish setup and shift the structure bearish.
Not investment advice. Educational report only.$XPL
#XPL #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis
My 1h bias remains bullish. The sharp 15m wick below 0.09676 followed by a quick reclaim looks more like a liquidity grab than a confirmed reversal, keeping the short-term bullish structure intact.
However, this is still a counter-trend bounce against bearish daily and weekly structure. I want to see the reclaim hold and a clear lower-timeframe confirmation before treating longs as high-conviction.
Key levels to watch:
- Demand zone: 0.09475–0.0960
- First liquidity target: 0.10488
- Next targets: 0.10504 and 0.10706
- Structure invalidation: 0.08551
Preferred entry is a pullback into 0.09475–0.0960 after the sweep, with confirmation through a 15m/5m bullish engulfing, MSS, or strong reclaim above 0.09676.
Take-profit sequence: 0.10488 → 0.10504 → 0.10706
Protection should sit beyond the confirmed 1h structure flip rather than directly under the liquidity wick.
Flow: OI $43.9M (-1.5% 24h) | Funding +0.0050% | Taker 1.06x
A sustained 1h close below 0.08551 would invalidate the bullish setup and shift the structure bearish.
Not investment advice. Educational report only.$XPL
#XPL #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis