💹#XPL Short Setup
XPL is showing weakness after a strong move up, with price now breaking below the ascending trendline support.
📉 Market Structure:
• Trendline breakdown confirmed
• Lower highs forming after rejection
• Weak price action near support
Trade Plan:
Entry: CMP / retest zone
Resistance (Invalidation): $0.098
Target: $0.072 area
As long as price stays below the trendline/resistance, downside continuation remains likely.
Breakdown + retest = classic continuation setup
XPL is showing weakness after a strong move up, with price now breaking below the ascending trendline support.
📉 Market Structure:
• Trendline breakdown confirmed
• Lower highs forming after rejection
• Weak price action near support
Trade Plan:
Entry: CMP / retest zone
Resistance (Invalidation): $0.098
Target: $0.072 area
As long as price stays below the trendline/resistance, downside continuation remains likely.
Breakdown + retest = classic continuation setup
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#XPL/USDT ANALYSIS
XPL is consolidating within the descending triangle pattern, with the Ichimoku cloud acting as a resistance barrier above the current price action.
We need to wait for a solid breakout or breakdown of the pattern to confirm the next directional move.
XPL is consolidating within the descending triangle pattern, with the Ichimoku cloud acting as a resistance barrier above the current price action.
We need to wait for a solid breakout or breakdown of the pattern to confirm the next directional move.