š» $XLM /USDT ā Rejection From Key Resistance! ā ļø
Current Price: $0.2519
$XLM has faced a clear rejection from the critical resistance zone around $0.2540, where multiple candles failed to close above. The repeated wicks signal strong selling pressure, and early bearish momentum is now kicking in, especially visible on the 15-minute chart.
š Short Trade Setup: ā¢ Entry Zone: $0.2525 ā $0.2538
ā¢ Target 1 (TP1): $0.2500
ā¢ Target 2 (TP2): $0.2465
ā¢ Stop Loss (SL): $0.2548
ā” Technical View:
Strong rejection wicks at resistance + bearish engulfing patterns on lower timeframes indicate a likely short-term pullback.
š” Risk Note:
Watch for any bullish reclaim above $0.2548 ā invalidation zone. Keep risk tight as volatility can spike.
š Strategy Breakdown:
This setup targets a short after failed breakout attempts above resistance, banking on momentum fading and sellers stepping in around the supply zone. Ideal for quick scalps or short swings with defined risk.
š¢ Follow @bullishbanteer for real-time setups, updates, and breakout alerts! šš„