$XLM Long Flush: $1.30K Unwound at $0.31459 – Can Bulls Defend the Level?
Around $1.30K in long exposure was just flushed at $0.31459, suggesting a shakeout of overleveraged positions.
Price is now testing a critical intraday support zone, where a reaction could shape the next move.
📉 TRADE SETUP – Bounce Potential In Sight:
• Entry Zone: $0.3130 – $0.3150 (look for a reclaim or reversal pattern)
• 🎯 TP1: $0.3220
• 🎯 TP2: $0.3295
• 🎯 TP3: $0.3380
• 🛑 SL: Below $0.3090 (tight risk under structure)
Market Insight:
The flush may have cleared weaker hands, leaving a window for a bullish reversal if volume kicks in.
Holding above $0.3150 could signal momentum shift and renewed interest.
Pro Tip:
Watch for a 15m candle close above $0.3175 with solid volume or a bullish engulfing pattern to confirm a safer entry.
$XLM just cleared $1.30K in longs—bounce chances rising if bulls step up here.
