🚨 Trade Alert 🚨

$XLM /USDT Technical Analysis & Trade Signal

Trade Setup Short Position (Expected Breakdown)

📈 Entry Point: $0.4180 (confirmation of a breakdown below the rising wedge support).

🚫 Stop Loss: $0.4280 (above the wedge resistance to minimize risk in case of false breakout)

🚀Take Profit: $0.4050 (next significant support zone below the breakdown).

💰 Risk/Reward Ratio: Approximately 1:2.5 (depending on the exact entry and stop levels).

Alternative Long Position (If Breakout Occurs)

📈Entry Point: $0.4285 (confirmation above the wedge resistance).
🚫 Stop Loss: $0.4170 (below the breakout zone to protect against false breakouts).

Take Profit: $0.4400 (next resistance zone).

Risk/Reward Ratio: Approximately 1:2.

Key ConsiderationsPattern Confirmation:

Wait for a confirmed breakout or breakdown with increased volume before entering the trade.Market Sentiment: Monitor overall market conditions and Bitcoin price movements, as they can heavily influence XLM.

Risk Management:

Use proper position sizing to limit potential losses.Timeframe Alignment: This setup is based on the 15-minute chart; intraday traders should monitor the chart closely for real-time developments.

#XLM/ #DOJBTCAuction #AIMarketCapDip