🔥 $XPL
Market Outlook: Bullish Trend with Short-Term Caution
$XPL remains in a strong uptrend, having broken through multiple resistance levels on expanding volume—most notably during the impulsive move from 0.078 to 0.094. This confirms solid bullish participation and trend strength.
However, recent price action shows hesitation near the 0.094 resistance, accompanied by declining volume. The latest 1-hour candles reveal a sharp drop in traded volume on the most recent push higher, signaling momentum exhaustion and a likely consolidation phase before continuation.
Market Insights:
Strong breakout structure remains intact despite short-term overbought conditions.
Decreasing volume near resistance suggests buyers are waiting for better levels.
Money Flow remains positive across all timeframes (5m: +168K, 1h: +3.12M, 24h: +5.94M), supporting the broader bullish bias, although the pace of inflows on the 1h timeframe has moderated.
Trade Strategy – Long $XPL
Preferred Entry:
• Pullback to 0.0880 – 0.0895 (near MA5 support), or
• Break and close above 0.0940 with strong volume confirmation
Stop Loss: Below 0.084
Target Zone: 0.097 – 0.098
Patience is advised at current levels. A pullback or confirmed breakout offers a higher-probability entry while maintaining favorable risk-to-reward.
📊 Trade with structure. Manage risk.