$XPL Tactical Update: Mitigating the Daily Order Block
@Plasma is trading at $0.082, following a volatile week where it successfully bounced from an all-time low of $0.073. We are currently seeing a critical mitigation of a Bullish Order Block on the 1H–4H charts.
📊 Technical Setup
* The Order Block: Institutional interest is concentrated in the $0.074 – $0.079 zone. This area sparked the recent relief rally and is now being retested for liquidity.
* Momentum: The 1H RSI is trending upward from oversold territory, while the 4H MACD histogram is beginning to shrink, suggesting selling exhaustion.
🎯 Entry Strategy
* Entry Zone: $0.078 – $0.081 (Wait for a 15M market structure shift).
* Target 1: $0.095 (Immediate supply resistance).
* Target 2: $0.125 (Structural target).
* Stop Loss: $0.071 (Below the recent swing low).
My Opinion: $XPL remains high-risk due to the looming July unlock, but the current Order Block mitigation offers a strong R/R for a swing back toward the $0.10+ level. 📈
