Massive Long Liquidation Hits $XLM at $0.2828 — What’s Next?
In a dramatic turn, Stellar (XLM) just saw long liquidations worth $9.94K at the critical level of $0.2828. This liquidation event signals a sudden rejection of higher prices and could spark either a deeper drop or a high-volatility reversal. Here's a breakdown of what’s unfolding and how to position yourself strategically.
$XLM Price Analysis & Trading Setup
Current Price Action Insight:
The liquidation at $0.2828 shows that aggressive long positions got trapped as bulls failed to hold momentum above resistance.
XLM is now hovering around a decisive area, and a key breakout or breakdown could set the tone for the next move.
Buy Zone (Accumulation Area):
$0.2650 - $0.2730
This is a potential support area where buyers could step in. Watch for consolidation or bullish divergence signs to enter.
Target Levels (Upside Potential):
1. Target 1: $0.2865 — minor resistance and recent rejection zone
2. Target 2: $0.2950 — previous high and psychological resistance
3. Target 3: $0.3050 — major resistance and breakout confirmation
Stop Loss (Risk Management):
Below $0.2620
A break below this level may trigger further sell-off toward $0.2500 and invalidate the bullish setup.
Strategic Note:
The liquidation spike shows that weak hands were flushed. If bulls reclaim momentum and price sustains above $0.2750, it could attract fresh buying and lead to a short squeeze toward the next resistance zone.
Stay alert. $XLM is at a crossroads. Either a powerful breakout is brewing, or we’re in for another deep retest. Trade wisely, manage risk, and respect the volatility.
