XPL's recent trend is worth paying attention to. After dropping from a high of 0.21, the price has been weakening, with limited rebound strength. Currently, multiple moving averages are forming resistance above the price, and the 1-hour trend remains downward. Each rebound's low point continues to decline. Based on the integrity of the bearish structure, subsequent rebounds are likely to become window periods for bears to add positions. Traders looking to short can consider shorting opportunities near the rebound highs.
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blockBoy
· 01-10 22:22
A rebound is a good opportunity to short. With such obvious moving average resistance, wanting to bottom fish is really a gambler's mentality.
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DeFiCaffeinator
· 01-10 18:40
With such a clear short-term structure, a rebound is probably just an opportunity to trap retail investors.
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GateUser-9484ba4d
· 01-08 10:46
Good thing I got it all out.
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ShibaSunglasses
· 01-08 10:01
It's the same old story: sell off on rebounds, keep exploring lower points... Can XPL break a new low this time?
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OfflineNewbie
· 01-08 10:01
Another shorting opportunity? I always enter during rebounds, only to get slapped in the face countless times.
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probably_nothing_anon
· 01-08 09:52
A rebound is a gift to the bears; there's really no hope to be seen in this wave.
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MetaMaximalist
· 01-08 09:51
ngl the technical setup here screams textbook distribution pattern... weak bounces into overhead resistance, lower lows—it's the kind of chart architecture that rewards patient shorters tbh. most retail traders will fomo in on the dead cat bounce tho lol
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liquidation_surfer
· 01-08 09:43
Is it trying to trap again? The drop to 0.21 is indeed weak.
XPL's recent trend is worth paying attention to. After dropping from a high of 0.21, the price has been weakening, with limited rebound strength. Currently, multiple moving averages are forming resistance above the price, and the 1-hour trend remains downward. Each rebound's low point continues to decline. Based on the integrity of the bearish structure, subsequent rebounds are likely to become window periods for bears to add positions. Traders looking to short can consider shorting opportunities near the rebound highs.