Setting up a bullish breakout on $XLM /USDT – Long entry opportunity
XLM/USDT is approaching a strong resistance area near $0.423 after a clean bounce from the support level of $0.402. The pair has formed a bullish reversal pattern on the 15-minute chart, showing strong momentum with increased volume. If buyers push through the $0.423 level, the breakout could fuel a continuation of the rise towards higher levels.
Entry: 0.419 – 0.422
Target 1: 0.428
Target 2: 0.435
Target 3: 0.445
Stop Loss: 0.408
Risk Management: Risk only 3–5% per trade, and move the stop loss to entry once Target 1 is achieved.
Professional Tip: Watch for a retest of $0.423 after the breakout; staying above this level will confirm further bullish strength.
