$XPL /USDC BULLISH CONSOLIDATION ABOVE SUPPORT WITH UPSIDE POTENTIAL
XPL is holding a higher-low structure after a mild pullback, indicating buyers are defending key levels. The price action suggests accumulation, with momentum gradually rebuilding for a potential continuation toward recent highs.
Parabolic SAR beneath price and short-term moving averages in bullish alignment confirm upward trend support. Volume behavior during consolidation shows absorption on dips, signaling weakening sell pressure and readiness for the next bullish leg.
Volatility contraction near recent highs indicates energy is being stored for an impending breakout. Sustained support increases the likelihood of continuation toward higher resistance zones.
LONG SETUP
Entry Zone: Pullback into short-term support / consolidation base
Stop Loss: Below the higher low and structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout into next resistance level
TP3 – Measured move from prior impulse leg
Continuation remains favored while structure holds and momentum expands on upward moves. A break below support would shift bias toward range-bound behavior.
RISK MANAGEMENT
Risk 1–2% per trade. Secure partial profits at TP1 and trail stop to protect gains. Focus on structured pullback entries and avoid chasing extended candles.
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