$XLM
🚦XLM/USDT – Is This a Quick Recovery or a False Signal? Bearish Pattern Emerging! 📉
Current Price: $0.2910 (-2.55%)
After falling from $0.30, $XLM is attempting a small recovery. But with bearish trends lingering, this could be a chance for a short trade if resistance levels hold firm.
Key Resistance Levels:
$0.2945
$0.2980
Key Support Levels:
$0.2845 (next key support)
$0.2760
Short Trade Idea:
Entry Range: $0.2915 – $0.2935
🎯Target 1: $0.2855
🎯Target 2: $0.2780
🛑Stop Loss: $0.2960
Market Outlook:
The upward push is losing steam, with lower highs signaling weakness. A rejection near $0.294 could trigger more selling pressure.
Pro Tip:
Wait for a clear bearish signal, like a strong rejection candle or bearish engulfing pattern near $0.293, with high volume to confirm the move.
Stay sharp – let the chart guide your next move!😜