Trade Setup: $XPL /USDT (Short)
Recent price action suggests a potential short opportunity on $XPL/USDT. While the broader sentiment may treat this as a minor pullback, the 4-hour chart indicates further downside risk.
· Entry Zone: 0.101459 – 0.102541
· Stop-Loss: 0.107191
· Take-Profit Targets:
· TP1: 0.098107
· TP2: 0.095511
· TP3: 0.091618
Rationale:
Price is currently rejecting the 0.102 entry zone within a bearish daily trend. The 15-minute RSI at 74.41 reflects short-term exhaustion, increasing the likelihood of a reversal. Key level to watch is TP1 at 0.0981, with stop-loss positioned above 0.1072.
Consider whether this is the final upward move before a 4-hour short trigger, or if a breakout could shift momentum.
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