$XPL /USDT SHORT TRADE SIGNAL ā BEARISH REVERSAL ā ļøš
Current Price: $1.0197
24h High / Low: $1.0768 / $0.8637
Trade Setup:
š Entry Zone: $1.020 ā $1.040
šÆ Targets: $0.980 / $0.940 / $0.900
š Stop Loss: $1.070
Analysis:
faced rejection near the $1.0768 resistance after a strong rally from $0.8637. The 1-hour chart shows a lower high forming, signaling a shift in momentum. Selling pressure is evident as the price struggles to reclaim $1.04, suggesting potential downside continuation if $1.00 breaks decisively.
Observation:
Below $1.02, bears hold the edge. Short entries in the $1.02ā$1.04 zone target retracement levels at $0.98 and $0.94. Keep a tight stop above $1.07, as a breakout beyond this level would invalidate the setup.
Bias: Bearish below $1.02
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