XPL has been quite interesting recently. The 30-minute trading volume suddenly surged by 227.6%, and the current quote is 0.1616 USDT.
From the candlestick chart, the 0.1619 level is very critical—only 0.37% away from the current price, serving as a near-term support. Usually, when trading volume expands so sharply, it indicates that the market is about to move.
If you want to participate, you can do the following: place an order around 0.1619 to go long, with a target of 0.1676 (upward resistance). Be sure to set your stop-loss properly. Although the trading volume has increased, the market still requires caution. The performance of the next few candlesticks will be very important and worth close monitoring.
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XPL has been quite interesting recently. The 30-minute trading volume suddenly surged by 227.6%, and the current quote is 0.1616 USDT.
From the candlestick chart, the 0.1619 level is very critical—only 0.37% away from the current price, serving as a near-term support. Usually, when trading volume expands so sharply, it indicates that the market is about to move.
If you want to participate, you can do the following: place an order around 0.1619 to go long, with a target of 0.1676 (upward resistance). Be sure to set your stop-loss properly. Although the trading volume has increased, the market still requires caution. The performance of the next few candlesticks will be very important and worth close monitoring.