XPLUSDT Bearish Breakdown | Resistance Rejection & Trendline Test 📉
Description:
XPL / TetherUS (XPLUSDT) is demonstrating a clean bearish structural shift on the 30m timeframe. After a solid upward expansion, price heavily rejected a prominent overhead resistance area near the 0.0980 handle, printing a distinct lower high structure. Sellers aggressively forced the market lower from this supply block, driving price directly down to test its key ascending trendline support. Given the building bearish momentum and strong rejection from overhead supply, a clean break below this dynamic trendline will confirm a deeper structural breakdown, accelerating the move toward the underlying support zones and sell-side liquidity pools.
Key Structural Levels:
🔴 Major Resistance / Invalidation Zone: 0.09700 – 0.09900 (Body close above resistance area)
📉 Current Reaction Level: 0.09310
🔵 1st Bearish Objective: 0.08900 (1ST SUPPORT)
🔵 2nd Bearish Objective: 0.08500 (2ND SUPPORT)
Trading Perspective:
Look for high-probability short execution setups on lower timeframes (M5/M1) inside local distribution blocks or upon a clean breakdown of the ascending trendline to catch the impulsive extension toward the downside targets. A strong 30m candle body close back above the immediate local resistance pivot will invalidate this bearish outlook.
This analysis is based on technical structure and market behavior, not financial advice.
Description:
XPL / TetherUS (XPLUSDT) is demonstrating a clean bearish structural shift on the 30m timeframe. After a solid upward expansion, price heavily rejected a prominent overhead resistance area near the 0.0980 handle, printing a distinct lower high structure. Sellers aggressively forced the market lower from this supply block, driving price directly down to test its key ascending trendline support. Given the building bearish momentum and strong rejection from overhead supply, a clean break below this dynamic trendline will confirm a deeper structural breakdown, accelerating the move toward the underlying support zones and sell-side liquidity pools.
Key Structural Levels:
🔴 Major Resistance / Invalidation Zone: 0.09700 – 0.09900 (Body close above resistance area)
📉 Current Reaction Level: 0.09310
🔵 1st Bearish Objective: 0.08900 (1ST SUPPORT)
🔵 2nd Bearish Objective: 0.08500 (2ND SUPPORT)
Trading Perspective:
Look for high-probability short execution setups on lower timeframes (M5/M1) inside local distribution blocks or upon a clean breakdown of the ascending trendline to catch the impulsive extension toward the downside targets. A strong 30m candle body close back above the immediate local resistance pivot will invalidate this bearish outlook.
This analysis is based on technical structure and market behavior, not financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.