$XPL
Market Analysis (1H) XPL/USDT):
- Price Has Created A Strong Support Zone Around 1.40, Confirmed By Three Bullish Rejections (Marked By Green Arrows).
- Price Is Now Approaching Previous High (1.61) Again After Forming A Higher Low.
- The (50 EMA) Is Acting As Dynamic Support, Maintaining A Bullish Structure.
- RSI Is Above 60, Showing Strength But Still Below Overbought Room For More Upside.
Trade Setup (Breakout Long):
- Entry: On 1H Candle Close Above 1.6100
- Stop Loss:Below 1.5350 (Recent Minor Low)
- Take Profit:
- TP1: 1.68 (Short-Term Resistance)
- TP2: 1.75 (Next Round Level)
- Confirmation: Break Of High With Volume Increase
Alternative: If Price Gets Rejected At 1.61 Again → Look For Long Setup Near 1.45–1.48 Support Zone With Bullish Reaction.
Always Use SL Tight To Protect Your Capital For More Opportunities.