$XLM USDT EXPLODES 21% — BUT WEAK CLOSE SIGNALS POTENTIAL SHORT-TERM REVERSAL
After a massive spike to $0.4078, $XLM is now pulling back sharply and trading at $0.3744. The parabolic rally is losing steam as candles begin to close below the MA(7) and MA(25). If momentum doesn’t return fast, we could see a deeper correction toward the mid-$0.35 zone.
📉 Trade Setup (SHORT):
Entry Zone: $0.3740 – $0.3770
Take Profit 1: $0.3600
Take Profit 2: $0.3480
Stop Loss: $0.3860
📊 Market Outlook:
While the broader trend remains bullish from earlier gains, short-term indicators now flash caution. Price failed to hold above key short-term moving averages, and volume is decreasing. A break below $0.3700 could trigger further downside as profit-taking accelerates.
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buy and trade here on $XLM