$XLM /USDT

๐Ÿ“Š XLM/USDT Technical Trade Setup (Short-Term)

๐Ÿ”Ž Market Snapshot:

Current Price: $0.2289

24h High: $0.2432

24h Low: $0.2286 (very close to current price)

24h Volume: 63.53M XLM / 15.03M USDT

Price Drop: -2.72% (potential support testing or short-term weakness)

๐Ÿง  Technical Observations:

Price is testing key support around $0.2280โ€“0.2300

Strong resistance zone near $0.2420โ€“0.2440

Volume is still active but not spiking = indecision

RSI (assumed on 1H/4H) is likely approaching oversold โ†’ watch for reversal signals

โœ… Trade Scenarios

๐Ÿ“ˆ Bullish Reversal (Support Bounce)

Entry Zone: $0.2290โ€“0.2300 (near current price)

Stop-Loss: $0.2260 (just under 24h low)

Take-Profit Targets:

TP1: $0.2350

TP2: $0.2400

TP3: $0.2430โ€“0.2440 (near resistance)

Confirmation Tip: Look for a bullish candle on the 1H or 4H chart with strong volume at support

๐Ÿ“‰ Bearish Breakdown (New Lows)

Entry: Below $0.2260 (confirmed 4H close below support)

Stop-Loss: $0.2295

Take-Profit Targets:

TP1: $0.2210

TP2: $0.2150

TP3: $0.2100 (only if momentum accelerates)

๐Ÿ› ๏ธ Risk Management:

Use 2% max risk per trade

Monitor Bitcoin/ETH for market direction โ€“ XLM tends to follow large-cap moves

If price consolidates between $0.2280โ€“$0.2350, wait for breakout or breakdown before entering

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