$XPL is showing a weak rebound and looks set for a sell-the-bounce move.
đ Trade Setup â SHORT XPL
âą Entry: $0.128 â $0.134
âą Stop Loss: $0.142
âą Targets: $0.120 â $0.112 â $0.102
The bounce is occurring within a bearish structure with significant whale selling pressure. Net flows indicate -$1.46M/hour outflow, and the L/S ratio of 0.46 shows major players are adding shorts, not longs.
Additionally, the upcoming 88.9M token unlock on Jan 25 increases dilution pressure. Price is struggling under $0.135 resistance, making this rebound likely a trap, with potential to drop toward $0.12 and lower once momentum fades.
#XPLTrading #CryptoShort #SellTheBounce #WhalePressure #TokenUnlock