XPL PERPETUAL TRADE SELL SETUP Short from $1.50XPL PERPETUAL TRADE
SELL SETUP
Short from $1.50
Currently $1.50
Targeting $1.38 or Down
(Trading plan IF XPL
go up to $1.60 will add more shorts)
Follow the notes for updates
In the event of an early exit,
this analysis will be updated.
Its not a Financial advice
XPLUSDT.P trade ideas
$XPL: Ready for another Leg Up?BINANCE:XPLUSDT | 1h
Crypto markets are heating up this week with significant action. Plasma’s launched its mainnet beta, securing over $2B in stablecoin liquidity and key integrations, positioning it as a top contender in the stablecoin Layer-1 space.
The chart shows a solid upward trend, surging to a local high of $1.69, and now consolidating around $1.50
Current resistance sits near $1.65; a rejection here could push prices toward support at $1.30–$1.40. Despite a 12.3% dip, the bullish structure remains intact. If bulls hold the $1.30–$1.40 zone, momentum could drive a breakout above $1.70. A break below $1.30 might see a retest of $1.12–$1.24 area.
XPL shows strong potential with no token unlocks until next year and a leading role in the stablecoin narrative, suggesting significant upside. Will XPL shrug off this dip for another rally, or will sellers take control?
$XPL double TOP chart pattern with BEAR RSI divergence (15M)Okay, AMEX:XPL is finally showing first signs of losing steam after hitting a DOUBLE TOP with bearish RSI divergence (equal high on price, and lower high on RSI = weakening momentum).
Support zone: $1.38 (also the DOUBLE TOP's neckline, breakdown below would target $1.15) up to $1.43 (previous rejections from this level as resistance, flipped).
The double TOP doesn't mean a reversal is here, but surely works as a red flag.
I will try and buy at discount prices between $1.10 and $1.15, in case of a breakdown or another Sunday nite bloodbath.
No longs for me yet, but they will come💙👽
Long XPL/USDTXPL/USDT Trade Setup
Price is showing strong momentum and holding above key support. Current analysis suggests potential upside targets at 3.0 and 4.6.
Target 1: 3.0
Target 2: 4.6
As long as support levels hold, the bullish scenario remains valid. Traders should manage risk properly and adjust stops accordingly.
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$XPL: I'm LONGING $1.21 after RISING WEDGE target HITLast nite when CRYPTOCAP:XPL was trading at $1.46 I gave a warning about an active RISING WEDGE breakdown going on and it's just hit its $1.18 target.
It also found support right at the TRIANGLE (broken out of which was followed by the ATH) upper trendline.
RSI is also flashing a BULL divergence (no new RSI low while price has made a lower low, to put it simply).
So, I still have orders between $1 and $1.1 waiting but I'm also tempted to open a long position.
I will risk:
LONG: $1.21
STOP LOSS: $0.935
TAKE PROFITS: $1.425 / $1.69 / $1.99
You do you, this is quite risky due to CRYPTOCAP:BTC dominance being on WAVE 5, hopefully I will be able to pull up the STOP LOSS higher soon as it is a wide one, so a LOSS would be painful💙👽
XPL : Trapped in a Channel, Targeting the $1.70 Top.The price is currently testing the lower boundary of this small corrective channel and is sitting just below the $1.4371 resistance.
After touching the top boundary of the major Rising Channel, the price began a short-term correction, forming a smaller, diagonal Descending Channel (the shaded area).
Bullish Breakout: A decisive break and close above the upper line of the small descending channel, followed by clearing the key horizontal resistance at $1.4371
TARGETS: $1.70 (Top of the major Rising Channel) 2. $1.90 (Psychological resistance)
Bearish Breakdown: A break and close below the lower line of the major Rising Channel
TARGETS: $1.1474 (The primary horizontal support - Green Line)
$XPL (1-hour chart): LONG $1.21 getting MESSY, spot BUYS doneAMEX:XPL #plasma and just look at the attached LIQUIDATIONS heatmaps.
A lot of reasons for the market maker to bounce off these lows and start eating into the liquidity between $1.25 and $1.35 next.
My long position is bloody, I was prepared for the volatility, hence the wider-than-usual STOP LOSS ($0.935).
My spot orders finally triggered and that I consider a good purchase for Q4. Average buy $1.05.
As far as the HOURLY chart, obviously a DOWNTREND and RSI got oversold during the correction (as low as 27), now we should see buyers stepping in once the US session opens.
This coin should be appealing to institutional money and I just posted about the #ETFs 1 billion $ inflows yesterday.
In a nutshell, we should see a strong surge as soon as CRYPTOCAP:BTC.D shows some weakness. Be prepared👽💙
XPLUSDT CHART ANALYSİSWHAT IS A CRYPTO WALLET?
Cryptocurrency wallets, or simply crypto wallets, are places where
traders store secure digital codes needed to interact with a blockchain.
They do not actively store your cryptocurrencies despite what their
name may lead you to believe.
Crypto wallets need to locate the crypto associated with your address
in the blockchain, which is why they must interact with it. In fact,
crypto wallets are not as much a wallet as they are ledgers: They
function as an owner’s identity and account on a blockchain network
and provide access to transaction history.
Big Breakout: $XPL Bullish Strategy for Your Gains!BINANCE:XPLUSDT.P
Big Breakout: AMEX:XPL Bullish Strategy for Your Gains!
Trading Levels
The chart indicates predefined levels for a trading strategy:
Entry: 0.7310 - 0.7330 USD - The point where the trader plans to enter the market.
SL (Stop Loss): 1.272 USD (0.8011) - A level to close the position at a loss, which seems high and might be a typographical error (could be 0.1272 or 0.7127, but clarification is needed).
TP (Take Profit): Four exit levels for profit:TP1: 0.786 USD (0.6759)
TP2: 0.618 USD (0.6326)
TP3: 0.5 USD (0.6022)
TP4: 0.4734 USD
DCA (Dollar Cost Averaging): 1.135 USD (0.7658) - A level for cost averaging, possibly for additional purchases if the price drops.
Price Analysis
The price has experienced a sharp decline earlier, reaching a low of around 0.47 USD, before recovering to the entry level (0.7310).
The current movement appears bullish, with a steady rise after a consolidation period, but the high RSI suggests a potential pullback or correction soon.
Interpretation
Strategy: The chart suggests a moderately risky strategy with good profit potential. The TP levels are set with a relatively balanced risk-reward ratio, but the high SL (1.272) seems unusual and might be an error.
RSI: The value of 77 - 76 indicates a condition nearing overbought, which may signal a pullback or correction toward levels like TP1 or TP2.
Trend: There are signs of a short-term bullish trend, but the proximity to overbought conditions might lead to consolidation or a slight decline.