Here’s a technical breakdown of Stellar $XLM /USDT) based on your 1D Binance chart snapshot:

🌟 Stellar (XLM/USDT) – Daily Timeframe Analysis

📊 Key Observations

Current Chart Pattern: You're referring to a falling wedge breakout (bullish pattern).

Wedge Target (Bullish): 0.6374 USDT

Fibonacci Levels Marked:

0.236: 0.5000

0.382: ~0.4000

0.500: 0.3138

0.618: 0.2917

0.786: 0.2006

IHS Target (Inverse Head and Shoulders): 0.2500 (typical reversal pattern signal)

🧠 Interpretation

Support Levels:

Strong historical demand around $0.20 (confluence with 0.786 Fib)

Minor support near $0.25, tied to potential IHS neckline

Resistance Zones:

$0.31–0.32 (0.5 Fib and price memory zone)

Heavy resistance and likely TP zone near $0.50–$0.53

Final bullish wedge target is $0.6374

🧭 Potential Trade Setup (Medium-Term Swing)

✅ Long Setup (Pattern Continuation)

Entry (ideal retest or hold): $0.25–$0.29

TP1: $0.32

TP2: $0.50

TP3: $0.63 (Wedge Target)

SL: Below $0.20

📈 Summary

Pattern Bias: Bullish falling wedge with long-term upside potential

Momentum Shift: If price breaks above $0.32 and holds, bulls may regain control toward $0.50+

Best R/R Zone: Accumulation between $0.20–$0.29

Would you like me to chart this wedge pattern and potential fib targets visually?

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