💥$XLM /USDT Short Trade Setup Amid Downtrend!🔥

🌟Current Price: 0.2600 USDT (3.45%)

🌟24-Hour High: 0.2707 USDT (Resistance Zone)

🌟24-Hour Low: 0.2598 USDT (Key Support)

Trading Volume (24H):

🌟XLM: 38.88M

🌟USDT: 10.31M

$XLM is currently trending downward, testing support levels, with bearish momentum dominating.

⚡Technical Indicators 🔎

🔸Bollinger Bands: Contracting—signals reduced volatility but potential breakdown.

🔸RSI: Near oversold—momentum slowing, but further downside possible.

🔸MACD: Bearish divergence—trend weakening, volume confirmation needed.

🔸Moving Averages (MA & EMA):

Short-term trend suggests caution, breakout validation required

⚡Short Trade Setup 📝

🎖️Bearish Scenario

Type: Breakdown Trade

👉Entry Point: Below 0.2590 USDT (confirmed rejection at resistance)

👇Take-Profit Targets:

🎯TP1 (1:1): 0.2550 USDT

🎯TP2 (1:2): 0.2500 USDT

💢Stop Loss: Above 0.2630 USDT

⚡Risk Management Strategy ⚠️

Adjust Stop Loss to Breakeven upon reaching TP1

Partial Profit Booking (50%) recommended at TP1 levels to secure gains

⚡Key Observations ✍️

1. Monitor trading volume to validate price movements.

2. Critical Support at 0.2598 USDT—breaking below could extend downside.

3. Stick to disciplined entries/exits amid market uncertainty.

👉Buy Or Trade With Me On $XLM

#BitcoinReserveDeadline #BinanceLaunchpoolSXT #USStablecoinBill #XLM