$XLM

📉 $XLM SHORT TRADE SETUP UPDATE – 1H TIMEFRAME

Market Overview:

$XLM recently rallied with strong momentum but is now showing signs of exhaustion around the *0.4189* resistance. Multiple upper wicks and slowing volume indicate potential for a short-term fade.

🔻 Short Position Setup:

- *Entry Zone:*0.3940 – 0.4000

- *Stop Loss:* Above0.4200

- *Target 1:* 0.3750

- *Target 2:*0.3580

- *Target 3:* 0.3430

📊 Confirmation Criteria:

- Weak bounce volume near resistance

- Bearish candlestick formations (e.g., shooting star, engulfing)

- RSI divergence or failure to break recent highs

⚠️ Risk Management:

Always use proper position sizing. Avoid overexposure and reassess if price breaks and holds above0.4200.

Status:Watchlist – Await bearish confirmation before entry