$XPL 🔎 Chart Breakdown
• Support Zone: Around 1.3276 – 1.38 (recent bottom).
• Resistance Zone: Around 1.6123 – 1.6266 (previous swing high).
• Current Price: 1.4924, showing bullish candles forming after a higher low.
• Momentum: Recent strong green candles indicate buyers stepping in after the dip.
✅ Long Trade Signal
• Entry: Around 1.49 – 1.50 (current breakout attempt).
• Target 1: 1.56 (near-term resistance).
• Target 2: 1.61 – 1.62 (major swing high).
• Stop Loss: Below 1.43 (recent support & last pullback low).
📊 Risk-to-Reward (R:R)
• Entry: 1.50
• Stop: 1.43 (risk ~0.07)
• Target 1: 1.56 (reward ~0.06, R:R ≈ 1:1)
• Target 2: 1.61 (reward ~0.11, R:R ≈ 1:1.5)
⚠️ Caution
• Watch for rejection at 1.50–1.51 resistance. If rejected, price may revisit 1.43–1.44.
• Volume data is missing in your screenshot, so confirmation from actual order flow would make this setup stronger.
👉 This setup is valid as long as price stays above 1.43 support.
