$XPL is flashing a definitive high-timeframe reversal after a protracted accumulation phase. The recent breakout above the 4H range high suggests a significant shift in momentum as sell-side pressure exhausts.
Market Observation
Strong bullish expansion following a structural break of the 200-period EMA on the 4H timeframe.
Trade Plan
Entry Range: 1.42 - 1.45
Stop Loss: 1.34
Take Profit 1: 1.58
Take Profit 2: 1.72
Take Profit 3: 1.85
Why this setup
Market Structure Shift: Confirmed Break of Structure (BOS) on the 4H chart with a higher high following a successful retest of previous resistance.
Key Support Flip: The former range high at 1.40 has flipped into a validated demand zone with strong buyer interest.
Volume Confirmation: Breakout was accompanied by a 40% increase in relative volume, indicating institutional participation rather than a retail trap.
Timeframe Context: 4H bullish alignment suggests a medium-term trend continuation toward the daily supply zone.
Do you expect a direct continuation to TP1, or will we see a liquidity sweep of the 1.38 level before the next leg up?
Buy and Trade $XPL
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