Finora AI Analysis for $XPL #XPLUSDT
- I expect a bullish move from the current price zone (0.1281) as long as the price holds above the 0.1208 and 0.1186 demand areas. The market just swept liquidity below 0.1208 and showed a strong reaction, which is a classic smart money long setup.
- If you see a bullish confirmation like a pin bar, bullish engulfing, or strong rejection wick on the lower timeframes above 0.1208, you can consider entering long.
- My first target for taking profit would be 0.1301, then 0.1364, and if momentum continues, 0.1436 and 0.1484.
- Stop-loss should be placed below the swing low at 0.1186 or even 0.1138, depending on your risk appetite.
- If price closes below 0.1186 and fails to reclaim it quickly, my bias flips to bearish and I would expect a move towards 0.1138 and possibly lower.
- Remember, always wait for confirmation before entering a trade!
