$XLM

Hey #BinanceSquareFam! 🌟

Stellar (XLM/USD) looks like it’s testing its strength after a sharp move. Let’s break down what’s happening and why this “aftershock retest” could be a key setup for your watchlist!

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📉 1. What’s an Aftershock Retest?

After a strong breakout—or breakdown—markets often “retest” the breakout level. In XLM’s case, the price jumped, then dipped back to retest support around $0.34–$0.36. Now, it’s trying to stabilize before a possible next move upward.

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📊 2. Technical Snapshot & Trade Setup

Double-bottom & descending-channel breakout seen on 4‑hour charts, now retesting the neckline near $0.33–$0.34—classic bullish continuation signs .

Falling wedge on daily frames shows bullish potential with upside targets between $0.56–$0.60 if the breakout sticks .

Daily EMAs are flipping to support—20/50-day are below price, but 100/200-day EMAs around $0.27 remain key zones .

Oscillators show PPO bullish crossover, signaling potential upward momentum; double bottom around $0.2167 adds support .

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💡 3. What Could Happen Next?

Scenario Trigger Target

🔼 Bounce Holds above $0.33–$0.34, clears $0.36 with volume $0.40 → $0.45 → $0.56‑$0.60

🔽 Drop Loses $0.33 support Retest: $0.30, then $0.27–$0.28, maybe down to $0.24–$0.25

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🔧 4. Fundamental Boosters

Protocol 23 upgrade coming August 14, adding major performance enhancements—good for developer & institutional adoption .

Institutional traction continues—Franklin Templeton’s asset tokenization pushed XLM usage and network TVL over $543M .

Stellar’s growing DeFi ecosystem and Soroban smart contracts mean more usage, more demand .

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🎯 5. How to Trade It, Square-Style

Aggressive entry: Buy near $0.34, set stop just under $0.33 risk zone.

Conservative: Wait for a candle close above $0.36, then join the breakout.

Profit targets: Partial sell at $0.40–$0.45, trail the rest toward $0.56–$0.60.

Always manage risk: Use stop-losses and scale position sizes smartly.

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🌈 6. Community Questions to Spark the Chat

How do you trade retests—do you enter early or wait for confirmation?

If price drops to $0.30–$0.31, is that a better risk/reward buy zone for you?

Thinking long-term: Would you hold through Q3’s Protocol 23 upgrade hype?

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✅ Binance Square Guideline Reminder

Be respectful, clear, and helpful

Share honest insights—no pumping or FUD

Educate each other with transparent reasoning 💛

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🔥 Your Move, Square Fam!

Do you think XLM bounces from this retest and heads toward $0.45+—or dips deeper before the rally? Drop your chart setups, questions, or strategies below and let's level up together! 👇

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