$XPL USDT BEARISH STRUCTURE BREAKDOWN
The 1H chart displays a clear weakening in bullish momentum as repeated lower highs form and buyers fail to sustain upward pushes. Sellers continue to dominate with consistent rejections near mid-range resistance. The latest decline confirms a bearish continuation pattern, signaling further downside movement toward support.
MARKET OUTLOOK:
Momentum favors sellers as price maintains a descending structure with no confirmed reversal signals.
SHORT ENTRY:
• Entry Zone: 0.2335 – 0.2355
TP LEVELS:
• TP1: 0.2280
• TP2: 0.2245
• TP3: 0.2215
STOP LOSS:
• SL: 0.2378 (above recent swing high and breakdown point)
RISK MANAGEMENT:
Risk 1–2% only, avoid overexposure, and secure partial profits at each target to protect capital.
#TechnicalAnalysis #BearishSetup #PriceAction #CryptoTrading #MarketStructure
