š» $XLM /USDT Bearish Rejection Trade Idea ā ļø
$XLM has faced repeated rejections near the $0.2540 resistance zone, with multiple upper wicks failing to break through. This signals strong selling pressure at that level, and bearish candles on the 15M chart confirm a potential short-term reversal in play.
š» Short Trade Setup:
⢠Entry Zone: $0.2525 ā $0.2538
⢠Take Profit 1: $0.2500
⢠Take Profit 2: $0.2470
⢠Take Profit 3: $0.2435
⢠Stop Loss: $0.2548
š Market Outlook:
Bearish momentum is building after repeated failures to close above resistance. If price stays capped under $0.2540, a retracement toward the lower support targets is likely. Ideal setup for short-term scalpers manage your risk tightly and watch for momentum confirmation.