A 3.0% stop under the last low caps risk at 5x leverage, making a 15% move enough to wipe the trade; XPL is currently stuck in a descending channel, testing the 1.12 resistance.
โโโโโโโโโโโโโโโโโโโโโ
๐ด
$XPL SHORT ๐
โโโโโโโโโโโโโโโโโโโโโ
๐ Entry Range: $0.097482 โ $0.097678
๐ Stop Loss: $0.100507 (-3.0%)
๐ฏ TP1: $0.096116 (+1.5%)
๐ TP2: $0.092701 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
โโโโโโโโโโโโโโโโโโโโโ
The market structure broke lower, confirming a CHoCH, while volume CVD turned bearish. A fair value gap aligns with an order block, and a liquidity sweep hit the 1.10 level, giving a tight POI confluence.
The 3.0% stop is tight, so 5โ6x leverage is appropriate.
Take half profit at the first target around 1.14.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$XPL #XPLUSDT #IranSaysItCapturedUSUnmannedSubmarine #TradingSignals #Write2Earn