$XLM Market Pulse Update
Long Liquidation Alert: $1.05K at $0.30285 — Stellar (XLM) just saw a notable long wipeout, signaling that bullish momentum hit a short-term resistance wall.
Current Market Structure:
XLM is consolidating after facing rejection near $0.305–$0.308, a key resistance zone that’s capped upside attempts multiple times this week. On the downside, the immediate support lies around $0.295, with stronger demand expected near $0.288.
Trend Insight:
Despite short-term selling pressure, the broader trend remains constructive as long as price holds above $0.288. A decisive breakout above $0.310 could spark renewed bullish momentum, targeting $0.325–$0.330 in the next leg.
Trading Strategy:
Buy Zone: $0.290 – $0.296 (accumulation area)
Sell/Take Profit: $0.325 – $0.330
Stop-Loss: Below $0.285
Analyst’s Take:
The liquidation flush could actually set the stage for a rebound — shaking out weak longs and allowing stronger hands to re-enter. Watch for a clean reclaim of $0.305 as a bullish confirmation signal.
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