Hina BNB
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Bearish
$XPL is showing early signs of exhaustion after a strong rally toward the resistance zone around $1.05. The price has formed a double rejection pattern near this key level, indicating potential bearish pressure. A breakdown below $1.02 could confirm a short-term correction phase.
Trade Setup (SHORT):
Entry Zone: $1.04 – $1.05
Target 1: $0.98
Target 2: $0.93
Target 3: $0.89
Stop Loss: $1.10
After an extended upward move, momentum appears to be weakening. The current resistance has held firmly, and sellers are regaining control. If bears maintain pressure below $1.03, further downside movement is likely in the short term. Traders should monitor volume confirmation for stronger entries.
Trade Setup (SHORT):
Entry Zone: $1.04 – $1.05
Target 1: $0.98
Target 2: $0.93
Target 3: $0.89
Stop Loss: $1.10
After an extended upward move, momentum appears to be weakening. The current resistance has held firmly, and sellers are regaining control. If bears maintain pressure below $1.03, further downside movement is likely in the short term. Traders should monitor volume confirmation for stronger entries.
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