$XLM /USDT BULLISH LONG SETUP TECHNICAL ANALYSIS

XLM/USDT is showing signs of a bullish continuation after holding strong near the support zone around 0.4306. The price recently bounced off the 24h low and is approaching resistance levels near 0.4560. Key short-term momentum indicators suggest buying pressure is gaining strength, supported by healthy trading volume around 86M XLM.

Entry: Initiate long positions on a confirmed break and close above 0.4515 to capture upward momentum.

Targets:

TP1: 0.4600 (near recent highs and psychological resistance)

TP2: 0.4700 (next significant resistance level)

Stop Loss: Place SL below recent swing low at 0.4300 to minimize downside risk.

Risk Management: Maintain a risk-to-reward ratio of at least 1:2. Avoid overleveraging and scale positions according to portfolio size to protect capital from volatility. Monitor volume and price action closely for any signs of reversal.

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