🚨 Technical Analysis for Stock $XPL - Potential Sell Opportunity
Stock $XPL has entered the resistance zone of 0.5880 - 0.6500, which previously represented a strong supply area. On the four-hour chart, momentum indicators show an overbought condition, while the recent candle wicks indicate the presence of sellers at higher levels.
If stock $XPL fails to hold above the level of 0.6500, a corrective pullback may follow before any potential upward continuation.
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📉 Short Setup
Entry Zone: 0.5880 – 0.6500
First Profit Target: 0.5500
Second Profit Target: 0.5200
Third Profit Target: 0.4800
Stop Loss: 0.6700
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💡 Note: A breakout above 0.6700 and closing above it with strong trading volume will invalidate this short setup and may push the price towards 0.7000+.
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