$XPL
Short Liquidation Alert!
A total of $7.983K shorts were liquidated around $0.47504, showing strong buying pressure from bulls stepping back into action.
Market Sentiment:
After the liquidation, sellers are losing control and buyers are starting to take charge again. This move often signals a short squeeze setup, where price can rise sharply as short positions get closed out.
Technical View (Simple Words):
Current Price Zone: Around $0.47 – $0.48
Support Zone (Buy Area): $0.46 – $0.44
This is where bulls may build positions again if the price dips slightly.
Resistance / Target Levels:
Target 1: $0.49
Target 2: $0.52
Target 3 (Strong Breakout Zone): $0.56
If momentum grows and volume stays high, XPL can push towards $0.56+ in the coming hours/days.
Stop Loss (For Safe Trading):
Keep a tight stop loss below $0.43, just under key support, to protect against sudden market reversals.
What’s Next:
If price holds above $0.47: Expect a bounce towards $0.50+.
If price drops below $0.44: Market may retest deeper support near $0.41.
Watch trading volume: Rising volume means stronger trend confirmation.
Summary:
Shorts got trapped and liquidated.
Bulls showing strength again.
Buy Zone: $0.46 – $0.44
Targets: $0.49 / $0.52 / $0.56
Stop Loss: $0.43
Outlook: Bullish recovery likely if volume continues rising.